2025-09-11
US CPI August
11/9/2025 (Thu)
Previous: 2.7% Forecast: 2.9%
Consumer prices rose in June as Trump's tariffs began to slowly work their way through the US economy. The rate was 2.7% on an annual basis, the highest since February and still above the 2% target.
Tariff-sensitive goods saw their costs increase meaningfully, including apparel and household furnishings. Shelter prices were cooling, though remaining the largest contributor to the overall CPI gain.
Trump has insisted that tariffs are not aggravating inflation, and has contended that the Fed's refusal to ease is raising the costs government has to pay on its burgeoning debt and deficit problem.
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