US inflation rises in August as companies push Trump tariffs cost onto consumers

People shop at a supermarket on 18 July 2025 in Rockville, Maryland.Photograph: China News Service/Getty Images Inflation rose slightly in August as companies continued to push the cost of tariffs onto consumers. The newest update to the consumer price index (CPI), which measures a basket of goods and services, showed that prices increased 2.9% over the last year – the highest since January. Core CPI, which excludes energy and food costs, stayed stable at 3.1% after going up in July. Despite this slight u ...