{"id":16837,"date":"2025-09-15T02:36:15","date_gmt":"2025-09-15T02:36:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/16837\/"},"modified":"2025-09-15T02:36:15","modified_gmt":"2025-09-15T02:36:15","slug":"grocery-prices-squeezed-budgets-as-cpi-inflation-hit-its-highest-since-january","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/16837\/","title":{"rendered":"Grocery Prices Squeezed Budgets as CPI Inflation Hit Its Highest Since January"},"content":{"rendered":"<p>    <img fetchpriority=\"high\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"Frederic J. BROWN \/ AFP via Getty Images Inflation was at its annual level since January.\" loading=\"eager\" height=\"562\" width=\"960\" class=\"yf-1gfnohs loader\"\/> <\/p>\n<p>Frederic J. BROWN \/ AFP via Getty Images<\/p>\n<p> Inflation was at its annual level since January.          <\/p>\n<p class=\"yf-1090901\">Consumer prices rose 2.9% over the year, the highest annual inflation rate since January.<\/p>\n<p class=\"yf-1090901\">Tariffs pushed up prices as merchants passed the costs of President Donald Trump&#8217;s sweeping import taxes on consumers.<\/p>\n<p class=\"yf-1090901\">Grocery prices rose the most in one month since 2022.<\/p>\n<p class=\"yf-1090901\">Inflation continued to crunch household budgets in August as tariffs pushed consumer prices.<\/p>\n<p>Prices as measured by the Consumer Price Index rose 2.9% over 12 months ending in August, the Bureau of Labor Statistics said Thursday. Inflation was up from a 2.7% annual increase in July and reached the highest since January,<\/p>\n<p class=\"yf-1090901\">&#8220;Core&#8221; inflation, which excludes volatile prices for food and energy, rose 3.1%, the same annual increase as in July. According to a survey of economists by Dow Jones Newswires and The Wall Street Journal, both increases were in line with forecasters&#8217; expectations.<\/p>\n<p>Inflation has steadily risen this year as merchants have passed on the costs of President Donald Trump&#8217;s <a href=\"https:\/\/www.investopedia.com\/here-is-every-tariff-in-effect-after-trump-deadline-11782883\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:sweeping import taxes;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">sweeping import taxes<\/a>. The impact has been slow to arrive as businesses had stocked up on inventory in advance of the tariff campaign, but those stockpiles are running out.<\/p>\n<p>&#8220;With buffer inventories that had been built ahead of tariffs being depleted, businesses are now forced to replenish stock at elevated prices,&#8221; Katy Stoves, investment manager at Mattioli Woods, wrote in a commentary. &#8220;With the tariffs looking to be more permanent, companies now have cover to pass these rising costs onto consumers, rather than compressing margins.&#8221;<\/p>\n<p class=\"yf-1090901\">Grocery prices rose 0.6% between July and August, the biggest monthly increase since August 2022, and are up 2.7% over the year, the biggest annual increase since August 2023. Gasoline prices rose 1.9% in August, almost reversing the 2.2% drop from the prior month.<\/p>\n<p>Prices for used cars rose 1% over the month, while apparel prices rose 0.5%, pushing up core inflation.<\/p>\n<p class=\"yf-1090901\">Prices for goods other than food and energy rose 0.3% from July, the most since January and underscoring the impact of tariffs: in the pre-pandemic era, core goods prices often fell because of cheap imports, helping keep overall inflation in check, but have risen for the last three months in a row.<\/p>\n<p class=\"yf-1090901\">Read the original article on <a href=\"https:\/\/www.investopedia.com\/cpi-report-inflation-august-11807912\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Investopedia;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Investopedia<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Frederic J. BROWN \/ AFP via Getty Images Inflation was at its annual level since January. Consumer prices&hellip;\n","protected":false},"author":2,"featured_media":16838,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,16533,16534,184,16532,85,46,12521,4315],"class_list":["post-16837","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-consumer-prices","tag-dow-jones-newswires","tag-economy","tag-grocery-prices","tag-il","tag-israel","tag-president-donald-trump","tag-tariffs"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/16837","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=16837"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/16837\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/16838"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=16837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=16837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=16837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}