one may know now who paid the tariff

CrisisInvesting

August’s CPI report revealed sticky prices in tariff-sensitive categories like vehicles, household goods, and food, making it harder for policymakers to ignore the trade overhang.

“When I see apparel prices jump by half a percent, those are tariffs,” RSM chief economist Joe Brusuelas told Yahoo Finance in reaction to the data. “When I see food prices jump, given the composition of the North American food supply chain, that’s tariffs.”

(Yahoo Finance Morning Brief)

To that point, food prices climbed 0.5% last month, with the “food at home” index — your grocery store bill — rising 0.6%, the biggest monthly uptick since August 2022. Coffee, beef, rice, and fresh produce all saw notable spikes.

And it wasn’t just the grocery aisle. Motor vehicle parts rose 0.6%, new vehicle prices were up 0.3%, and furniture and bedding also climbed 0.3%, leaving them nearly 5% higher than a year ago. Even tools, hardware, outdoor equipment, and supplies — part of the manufacturing-heavy categories hit hardest by tariffs — jumped 0.8% in August.