Jeffrey SparshottSep 12, 2026 – 2.40amWashington | A key gauge of US consumer prices rose by more than expected last month, bolstering the case for Federal Reserve officials to raise interest rates next week.The consumer price index, excluding food and energy, climbed 0.3 per cent in August from a month earlier, according to Bureau of Labor Statistics data out Friday. The median estimate in a Bloomberg survey called for a 0.2 per cent increase. On an annual basis, it advanced 2.4 per cent.BloombergSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
US core CPI tops forecasts, bolstering case for higher rates
The consumer price index, excluding food and energy, climbed 0.3 per cent in August from a month earlier. On an annual basis, it advanced 2.4 per cent.
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