US inflation rose a surprisingly stiff 3.7% in August as prices at the gas pump surged, adding pressure on the Federal Reserve as it weighs additional rate hikes this fall to tamp down prices. The …
WASHINGTON — A spike in gas prices pushed up inflation in August, yet most other costs rose at a more modest pace, evidence that price increases overall are still cooling. In a set of conflicting data released Wednesday, the Labor Department said the consumer price index rose 3.7% in August
Inflation rose in August, marking the second month in a row that inflation has ticked up, according to the latest Bureau of Labor Statistics (BLS) release.
The Labor Department said the consumer price index showed that inflation ticked higher in August as price pressures in the economy remained unusually high.
Gasoline prices bumped up the US inflation reading in August, ahead of policymakers' key interest rate decision - Copyright GETTY IMAGES NORTH AMERICA/AFP/File MARIO TAMABeiyi SEOWConsumer inflation in the United States picked up in August for a second straight month, according to government data re…
The Labor Department on Wednesday will release new August consumer price index data, which is expected to show that inflation accelerated again last month.
The Labor Department said Thursday that its producer price index, which measures inflation at the wholesale level, surged more than expected in August.
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Inflation signals mixed as gas hikes help drive August jump in consumer prices to 3.7% | Since Then
