>Tariffs also had a clear impact on price pressures, according
to anecdotal evidence. Companies widely linked the latest
increase in input costs to the effects of tariffs, while also
mentioning higher salaries. Input prices rose sharply, with the
pace of inflation accelerating from June and coming in above
the series average.
Similarly, the pace of output price inflation quickened over
the month and was steep. Panelists reported passing on tariff
related rises in input costs to their customers. Here too, the
increase was marked in the context of historical data.

It's all tech.