U.S. consumer prices rose 0.4% from the month before in August, the Labor Department estimated Sept. 11, in line with forecasters' expectations.

US consumer prices likely rose in August due to higher gasoline costs. Crude oil reaching a new all-time high by December 31 at 15.5% YES.

Consumer prices rose at a 3.4% annual rate last month, the same pace as July, according to the latest Consumer Price Index from the Bureau of Labor Statistics.