Consumer prices in the United States rose in August , as reported by the Bureau of Labor Statistics on Thursday (September 11). The consumer price index (CPI), a key measure of inflation, increased by 0.4% last month, following a 0.2% rise in July, surpassing expectations of a 0.3% increase. On an annual basis, the CPI climbed by 2.9%, up from 2.7% in July, marking the highest reading since January.

The rise in inflation is largely attributed to higher prices for essentials like food and electricity. Tariffs on imported goods, such as clothing and household furniture, have also contributed to the increase. Core commodities, excluding food and energy, rose by 1.5% in August, the fastest pace since May 2023. Economists point to tariff policies from President Donald Trump's administratio

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