The consumer price index rose at an annual rate of 2.7% in July. It would take a huge jump in the August data for the Fed to hold rates steady, per V.V. Chari, an economist at the University of ...

Inflation continued to crunch budgets in August as tariffs pushed up prices on groceries and other household items.

In May, the cost of groceries, toys and games, and large appliances rose, which could reflect the impact of President Trump’s tariffs. Gas prices dropped 2.6% last month. Future CPI inflation reports ...