U.S. inflation likely ticked higher last month as the Trump administration’s import taxes lifted the price of goods, putting the Federal Reserve in a tough spot when it meets next week.

U.S. inflation likely ticked higher last month as the Trump administration’s import taxes lifted the price of goods, putting the Federal Reserve in a tough spot when it meets next…

U.S. inflation picked up moderately in August, with prices up 2.9% from a year earlier. The Federal Reserve next meets Sept. 16-17.

A key Bureau of Labor Statistics inflation report showed price increases for a variety of tariff-sensitive items.

Since Trump’s tariffs took effect in April, inflation has been showing up in categories that rarely see big swings.