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US inflation picked up as gas prices marched higher due to conflict in the Middle East
US inflation held at 3.4% in August from a year earlier, while monthly consumer prices accelerated 0.4% as renewed Middle East fighting pushed up gasoline costs. Core inflation eased to 2.4% annually but rose 0.3% monthly, adding uncertainty over whether the Federal Reserve will raise interest rates next week.
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economictimes.indiatimes.com
US wholesale prices rise in latest sign of stubborn inflation as oil prices continue to climb
Wholesale inflation increased in August after cooling earlier this summer. Higher oil and gas prices, driven by Middle East conflict, are keeping costs elevated. This rise in…
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eu.usatoday.com
CPI: Prices rose in August. Is it time to raise interest rates?
U.S. consumer prices rose 0.4% from the month before in August, the Labor Department estimated Sept. 11, in line with forecasters' expectations.
