“We find that consumer prices have risen disproportionately in categories facing larger tariff increases,” Goldman Sachs said in a note to investors and analysts last autumn. An updated forecast this week estimated that “tariff pass-through increased core PCE (personal consumption expenditure) prices by about 0.7% through January and will raise prices by a further 0.1% in the remainder of 2026.”
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Rebecca Morelle,Science Editorand
This year’s festival, which opens on 10 March, will be the second since Guy Lavender took over as Cheltenham’s chief executive at the start of 2025, but the first at which it should be possible to assess the effect of a range of initiatives to improve the customer experience that have been introduced over the last 15 months.