US consumer inflation rose last month to its highest level since January, government data showed Thursday, although analysts believe that this is unlikely to deter the central bank from an interest rate cut next week.
But the data also underscore growing cost-of-living pressures on households as President Donald Trump's tariffs filter through the world's biggest economy, complicating the Federal Reserve's role in maintaining stable prices.
The consumer price index (CPI) picked up to 2.9 percent in August, accelerating from 2.7 percent on a year-on-year basis in July, said the Labor Department.
The figure was in line with analysts' expectations, as they try to gauge if Trump's duties will trigger a one-off price increase or lead to persistently higher costs.
On a month-on-month basis, C