WASHINGTON, 12th September, 2026 (WAM) -- US inflation accelerated last month as gas prices spiked.
The consumer price index rose 3.4% last month compared with a year ago, the Labour Department said Friday, just like July. But inflation quickened month to month as costs jumped 0.4% from July, quadrupling the 0.1% registered in the previous month.
Petrol prices jumped 3.9% month-to-month, accounting for one-third of the overall inflation increase in August.