Inflation rose one-tenth of a percentage point to 2.7% for the year ending in August, the Bureau of Labor Statistics reported Friday in an update to the Federal Reserve’s preferred gauge.

Economists had expected inflation in the personal consumption expenditures index to tick up by that amount.

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The increase adds to signs that inflation pressures are rising, a troubling development for the economy , President Donald Trump , and the Fed. It shows that the central has a challenging task ahead in terms of curbing inflation — even as it cut its interest

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