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Forget Tariffs: Research Finds Soaring Health Insurance and Utility Costs Hitting Employers Hardest

Survey data shows import tariffs were a factor in 2025 business costs but the New York Fed said other, less splashy price hikes accounted for a much bigger share of increased company expenses.

As detailed in a series of overlapping studies released this week, the New York Fed acknowledged that tariffs played a notable role in rising prices businesses paid for goods and material inputs in 2025. Those grew by 8 percent for manufacturers, and… [1728 chars]

Source: Inc. Magazine | Published: 2026-03-06T16:05:15Z

Credit: Inc. Magazine

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