U.S. Inflation Rises 2.9% in August: Food and Gas Prices Lead the CPI Surge

U.S. Inflation Rises 2.9% in August: Food and Gas Prices Lead the CPI Surge

The August inflation data overlaps with President Trump’s latest round of tariffs on major U.S. trading partners. But while the direct impact is up for debate, beef’s surge suggests tariffs may already be filtering into consumer prices.

🥩 U.S. Beef Prices Hit Record Highs — Tariffs on Brazil Could Push Them Even Higher

🥩 U.S. Beef Prices Hit Record Highs — Tariffs on Brazil Could Push Them Even Higher

The burgers, stews, and chili on your menu might get pricier. U.S. beef prices have reached record highs amid inflation pressures, supply shortages, and new tariffs on Brazilian imports. With the U.S. cattle inventory at its lowest since 1951 and Brazil facing steep tariff hikes, beef prices may climb even higher in 2025.