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flag U.S. inflation hits 2.9%, highest since January, driven by higher grocery and gas costs.

flag In August, U.S. consumer prices rose 2.9% year-over-year, the highest since January, due to higher costs for groceries, gas, and other goods. flag Groceries saw a 0.6% rise, while gasoline prices increased by 1.9%. flag Despite the inflation, the Federal Reserve is expected to cut interest rates next week to support the job market, though rising prices may limit additional cuts. flag President Trump's tariffs have contributed to the higher costs for imported goods.

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