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Inflation still elevated as report shows evidence of tariff-related price hikes

By Scott Horsley,
A Martínez
Published August 13, 2025 at 3:56 AM CDT

This week's inflation report showed core inflation remains stubbornly high. But the stock market rallied Tuesday on hopes the Federal Reserve will be able to cut interest rates in September.

Copyright 2025 NPR
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Economy
Scott Horsley
Scott Horsley is NPR's Chief Economics Correspondent. He reports on ups and downs in the national economy as well as fault lines between booming and busting communities.
See stories by Scott Horsley
A Martínez
A Martínez is one of the hosts of Morning Edition and Up First. He came to NPR in 2021 and is based out of NPR West.
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