CPI rose at a rate of 2.9% in August as U.S. inflation ticked higher | Metals Mine

  • CPI rose at a rate of 2.9% in August as U.S. inflation ticked higher

    From cbsnews.com

    The Consumer Price Index rose 2.9% in August from a year earlier, matching economists' forecasts that prices would pick up slightly as President Trump's tariffs filtered through the economy. The CPI was expected to rise 2.9% last month, according to economists polled by financial data firm FactSet. The CPI, a basket of goods and services typically bought by consumers, tracks the change in prices on everyday items such as food and apparel over time. So far this year, inflation has stayed at 3% or lower, with July's CPI reading at 2.7%. Despite that, inflation has been creeping higher in recent months, edging away from ... (full story)

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