Consumer prices rose 2.9% in August compared to a year ago, marking an uptick in price increases as President Donald Trump's tariff policy intensified. The reading matched economists' expectations.

Inflation accelerated in August as Americans paid more for gasoline and groceries. Over the last 12 months, consumer prices have risen 2.9%.

The latest report on inflation could be good news for the Federal Reserve when it meets to consider interest rates next week.

President Donald Trump this week declared on Truth Social that there’s “No Inflation!!!” But Consumer Price Index data released Thursday tells a different story.

With inflation on the rise again, some investors may want to pivot turns gold. Here's why it makes sense right now.

The consumer price index for August 2025 rose 2.9% on an annual basis. Tariffs seem to be pushing prices for goods like clothing higher, economists said.

Inflation ticked up for the fourth month in a row, rising in line with forecasts, as higher tariff rates trickle into prices for consumer goods. The consumer price index climbed 2.9% year over year in August,

US inflation cooled off at the wholesale level in August, bolstering hopes that high tariffs aren’t yet causing prices to spiral out of control, fresh data showed Wednesday.