Gasoline Prices Jump Again as Inflation Rises 3.4% in August
Gasoline prices drove more than a third of the monthly increase as core inflation eased to 2.4%, leaving Federal Reserve policymakers to weigh rates.
- Inflation rose 3.4% from a year ago on Friday, according to the U.S. Bureau of Labor Statistics, with rising gasoline prices accounting for more than a third of the monthly increase.
- Energy costs continue to climb, fueled by the ongoing war with Iran and shrinking oil supplies, as fuel prices surged again last month.
- Fuel oil rose 10.1% while cellphone services increased 5.9%, and airline tickets climbed 2.7% from July, alongside a 3.8% jump in computer prices.
- The inflation report serves as the final economic indicator before next week's Federal Reserve meeting, where policymakers must decide whether to raise interest rates.
- Stripping out volatile energy and food costs, so-called "core" inflation dipped to 2.4% in August, showing a smaller annual increase than the previous month.
44 Articles
44 Articles
Gas Prices Jump 27.4% Over Year. How That Compares With Four Years Ago
The national gasoline index rose 27.4% from a year earlier in August, slightly more than its 25.6% annual increase four years ago. Overall inflation and the annual decline in real hourly earnings, however, were substantially smaller than in August 2022. The Consumer Price Index rose 0.4% on a seasonally adjusted basis from July, up from […]
The consumer price index increased by 3.4% over a year in August in the United States. The main factor of increase, the cost of hydrocarbons should not weaken. For the first time in history, the price of diesel exceeded Friday 6 dollars a gallonThis was the most expected figure of the week. The U.S. Bureau of Labour Statistics delivered its verdict on Friday: with an increase of 3.4% over a year in August, a level similar to July, inflation does…
Inflation in the United States came in at 3.4 percent year-on-year last month, according to the U.S. Bureau of Labor Statistics. Compared to July, inflation rose by 0.4 percent. Energy prices, in particular, rose sharply in August.
U.S. Inflation Hits 3.4% in August 2026 as Gas Prices Jump 27.4%
The FINANCIAL – U.S. inflation accelerated on a monthly basis in August, with gasoline prices providing a major boost to the overall Consumer Price Index, while annual inflation remained at 3.4%. The Consumer Price Index for All Urban Consumers rose 0.4% in August on a seasonally adjusted basis, up from a 0.1% increase in July, according to the U.S. Bureau of Labor Statistics. Over the 12 months through August, the all-items CPI increased 3.4%,…
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