The US Federal Reserve's preferred inflation measure edged up in August as tariffs filtered through the economy, government data showed Friday, with analysts warning of further cost pressures after President Donald Trump unveiled a slew of upcoming duties.

But personal spending also rose last month, pointing to resilience in consumption -- a key driver of the world's biggest economy.

The personal consumption expenditures (PCE) price index rose 2.7 percent last month on a year-on-year basis, up from July's 2.6 percent, the Department of Commerce said.

But the PCE price index, when excluding the volatile food and energy sectors, increased at a rate of 2.9 percent, the same as in July.

Both figures are notably above the US central bank's longer-run inflation target of two percent, adding

See Full Page