Tariffs pushed up prices on some products in August, data shows

Breakdown

• U.S. consumer price index rose 2.9% year over year, the fastest inflation rate since President Trump's second term began. 4s
• Imported goods such as coffee, women's dresses, furniture, and automobiles saw the highest price increases. 39s
• Companies initially front-loaded inventory before tariffs but are now passing higher costs to consumers. 1m 13s
• Consumers are expected to bear about two-thirds of the tariff costs, according to estimates. 1m 24s
• Rising prices are leading to reduced consumer spending and could eventually impact hiring and investment. 1m 58s