Economists expect inflation was steady in August as gasoline prices dropped from earlier in the summer, but the trade war between Canada and the United States will likely put some

Gasoline prices drove more than a third of the monthly increase, while core inflation ticked up to 0.3%

US CPI held at 3.4% year-over-year in August 2026 as gasoline prices surged 3.9%, with markets pricing a 70% chance of a Fed rate hike in