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Inflation rose to 2.9% in August, raising fears about tariffs and outlook

By Zach Halaschak
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Inflation rose two-tenths of a percentage point to 2.9% for the year ending in August in the consumer price index, the Bureau of Labor Statistics reported Thursday, raising fears about price pressures from tariffs.

In the month of August alone, prices rose 0.4%.

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Business Economy Federal Reserve Inflation Interest Rates Jobs Tariffs Trump Administration Washington D.C.