The consumer price index for August 2025 rose 2.9% on an annual basis. Tariffs seem to be pushing prices for goods like clothing higher, economists said.

New CPI update shows prices increased 2.9% over the last year, but Wall Street optimistic Fed will cut interest rates

The consumer price index was expected to increase 0.3% in August, according to the Dow Jones consensus estimate.

The consumer price index for August 2025 rose 2.9% on an annual basis. Tariffs seem to be pushing prices for goods like clothing higher, economists said.

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