US inflation in August rose to 3.7% amid sharp increase in energy prices
- Consumer inflation in the US rose for the second consecutive month in August, increasing by 3.7% compared to the previous year. This puts pressure on policymakers to address rising prices.
- The core inflation rate, which excludes food and energy, cooled to 4.3% on an annual basis. However, prices for gasoline and shelter continued to rise. If core readings weaken further, it may signal to the Federal Reserve that further tightening is unnecessary.
- While some prices, such as auto insurance and grocery prices, have increased, others have seen slower growth or even a decrease. The Federal Reserve is closely monitoring these factors and is expected to be cautious in lowering interest rates.
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Total News Sources0
Leaning Left20Leaning Right14Center34Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 29%
C 50%
R 21%
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