Published 8 months ago

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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Times of India

Sharply higher fuel prices push up US inflation in August

The Labor Department said the consumer price index rose 3.7% in August from a year ago, up from a 3.2% annual pace in July.

8 months ago·India

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The Guardian

US inflation in August rose to 3.7% amid sharp increase in energy prices

Growth in prices still remains far below the decades-high inflation rates that were seen last summer, when rate peaked at 9.1% in June

8 months ago·London, United Kingdom

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CBC News

Rising gasoline prices push up U.S. inflation rate to 3.7%

U.S. consumer prices increased by the most in more than a year in August amid a surge in the cost of gasoline, but a moderate rise in underlying inflation could encourage the Federal Reserve to keep interest rates on hold next Wednesday.

8 months ago·Canada

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Associated Press News

High gas prices push up inflation, but prices overall are slowly moving in the right direction

Inflation jumped last month largely because of a spike in gas prices, while other costs rose more slowly, suggesting price pressures are easing at a gradual pace. In a set

8 months ago·United States

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abc News

Sharply higher gas prices pushed up inflation in August, yet underlying price measures cooled

8 months ago·United States

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CNN

US consumer prices continued to rise last month — but the Fed probably won't raise rates

US inflation accelerated in August for the second-straight month, pushed up by rising gas prices. However, core inflation, which strips out volatile food and energy prices, continued to slow, according to data from the Bureau of Labor Statistics released Wednesday.

8 months ago·Atlanta, United States

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