Tariff-fueled price hikes have arrived -- and hitting these items first

[riversedge]

Tariff-fueled price hikes have arrived — and hitting these items first

https://www.cbsnews.com/news/trump-tariffs-consumer-price-hikes-inflation-coffee-autos-apparel-cpi/?utm_source=firefox-newtab-en-us

Updated on: September 12, 2025 / 12:01 PM EDT / CBS News

For much of 2025, the Trump administration's wide-ranging tariffs defied forecasts that the import duties would drive up inflation. But that reprieve appears to be over, with economic data this week showing the tariffs are now pushing prices higher.

The Consumer Price Index in August rose at a rate of 2.9% from a year ago, accelerating from the previous month as President Trump's tariffs filtered through the economy. Heavily imported goods saw some of the steepest price hikes last month, the data show. The increase represents the fastest rate of inflation since January, when Mr. Trump was inaugurated for his second term.

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Facing the prospect of sharply higher tariffs, some American companies scrambled to stock up on the imported goods and parts they use in their business, postponing the need to raise customer prices. Others absorbed the levies instead of passing them along to consumers.

But many companies are now pulling back from those strategies, economic data shows. According to the Federal Reserve's latest "Beige Book" survey, which includes responses from businesses, economists and other sources, tariff-related price hikes were visible across the U.S. in August. .......................