| FOR IMMEDIATE RELEASE September 11, 2025 Contact: [email protected] ICYMI: Tariffs Drive Inflation Increases New data released this morning by the U.S. Bureau of Labor Statistics (BLS) confirms that the Trump Administration’s across-the-board tariffs are increasing inflation. The report shows inflation ticking up in August, with the Consumer Price Index (CPI) rising by 0.4% month-over-month and 2.9% year-over-year. Core inflation—which strips out food and energy—rose 0.3% in August and 3.1% annually, matching July’s pace. Rising costs for shelter, food, and gasoline all contributed to the increase. Since April, Trump has imposed across-the-board tariffs of 10%–50% on nearly all imports, with higher rates for dozens of countries and industries. The average tariff rate now tops 18.6%, the highest since 1933. While some businesses initially absorbed the cost, companies are starting to pass the increases to consumers. Axios | Inflation heats up in August as Trump tariffs ripple across economy The Guardian | US inflation rises in August as firms pass Trump tariffs cost on to consumers ABC News | Inflation climbed in August as Trump’s tariffs intensified Daily Kos | CPI Report: Inflation is up Since Trump’s Tariffs Hit The Independent | Inflation spiked in August as Trump’s tariffs went into full effect Fortune | Inflation shoots higher as Trump tariffs ripple through economy CNBC | Trump’s tariffs are slowly finding their way into consumer prices Commercial Observer | Retailer Warning Signs Flashing Red Amid Inflation, Tariffs and Tourism Drops SHRM | Inflation Heated Up in August as Tariffs Hit Prices ### Tariffs Cost US is a new campaign dedicated to providing the public with reliable, comprehensive information about global trade and tariffs, and their impact on both businesses and consumers. |
