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.