US consumer prices stayed high in August as Iran war pushed energy costs up
Middle EastBusinessHigh confidence — 81/100
US consumer prices remained stubbornly high in August as the end of the ceasefire between the US and Iran pushed energy prices up, according to data from the US Bureau of Labor Statistics released on Friday.
The annualized inflation rate was 3.4%, the same as it was in July.
The most recent peak was seen in May, when the inflation rate hit a three-year high at 4.2%.
Confirmed
US consumer prices remained stubbornly high in August as the end of the ceasefire between the US and Iran pushed energy prices up, according to data from the US Bureau of Labor Statistics released on Friday.
Unverified
The annualized inflation rate was 3.4%, the same as it was in July.
The most recent peak was seen in May, when the inflation rate hit a three-year high at 4.2%.