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<html lang="en" data-nyt-compute-assignment="fallback" xmlns:og="http://opengraphprotocol.org/schema/" class="nytapp-vi-liveblog" data-rh="lang"><head> <meta charset="utf-8"> <title>CPI Report Live Updates: Inflation Data Shows Deepening Impact of Trump’s Tariffs - The New York Times</title> <meta data-rh="true" name="robots" content="noarchive, max-image-preview:large"><meta data-rh="true" name="description" content="A gauge of underlying inflation in July showed prices increasing at the fastest annual pace in five months, a sign that businesses are passing along tariff-related costs to customers."><meta data-rh="true" property="twitter:url" content="https://www.nytimes.com/live/2025/08/12/business/cpi-inflation-tariffs-fed"><meta data-rh="true" property="twitter:title" content="CPI Report Live Updates: Inflation Data Shows Deepening Impact of Trump’s Tariffs"><meta data-rh="true" property="twitter:description" content="A gauge of underlying inflation in July sho...
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