Inflation

US Annual Inflation Rises to 2.9 Percent, Driven by Food, Shelter Costs

The latest inflation data supports the likelihood that the Federal Reserve will cut interest rates next week.
US Annual Inflation Rises to 2.9 Percent, Driven by Food, Shelter Costs
People shop at a store in Elkridge, Md., on July 11, 2025. Madalina Kilroy/The Epoch Times
Andrew Moran
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U.S. consumer prices rose in August, driven by increases in food and shelter costs. Despite the uptick, the numbers are unlikely to derail the Federal Reserve’s widely expected interest rate cut next week.

According to Bureau of Labor Statistics data released on Sept. 11, the headline 12-month inflation rate rose to 2.9 percent in August from 2.7 percent in July.
Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."