Inflation Heats Up for the Fourth Consecutive Month

By Felix Richter – Statista

Just a few days after President Donald Trump announced a new 25-percent tariff on steel and aluminum, the latest CPI report – the first since Trump took office last month – showed that the fight against inflation is not over yet. According to new data published by the Bureau of Labor Statistics on Wednesday, the Consumer Price Index for All Urban Consumers (CPI-U) increased 3.0 percent over the last 12 months before seasonal adjustment, meaning that inflation has now heated up for four consecutive months after hitting a three-and-a-half year low in September 2024. Perhaps more worryingly, prices increased 0.5 percent month over month, marking the highest monthly increase in prices since August 2023.