Wednesday, October 28, 2026
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Four reasons inflation could surge again — including the end of tariff refunds

Several forces are aligning to push inflation higher in the months ahead, according to analysis from 22V Research.

Dennis DeBusschere of 22V Research outlined four reasons consumers should brace for rising prices.

One key factor involves tariff refunds. Companies that previously used these refunds to offset cost pressures will increasingly pass those higher costs to consumers.

That shift removes a buffer that had helped absorb expenses tied to tariffs. Once refunds run out, firms have little choice but to adjust pricing.

The change could ripple across supply chains, affecting both wholesale and retail costs.

Consumers may notice higher prices on a range of goods as companies adjust to the new cost environment.

The findings add to broader concerns about persistent inflation and its impact on household budgets.

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