Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

US CPI stagnates at 3.4% and increases pressure on the Fed to raise interest rates

El dato de inflación de EEUU se ha mantenido en el 3,4% en agosto, el mismo nivel que en julio. Este dato supera las expectativas de los analsitas que esperaban que la tasa bajara ligeramente. Leer

Translated from Spanish Read in Spanish

The US Consumer Price Index (CPI) rose 0.4% in August and 3.4% year-on-year, according to the US Bureau of Labor Statistics (BLS). The energy index increased 16.3% over the past 12 months, driven by a 27.4% rise in gasoline prices. The food price index rose 2.7%, while the core CPI, which excludes energy and food, grew 2.4% year-on-year. The data will be closely watched by the Federal Reserve's Federal Open Market Committee (FOMC) ahead of its meeting next week to decide on interest rates.

Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.

Read the original at expansion.com →

More in Finance & Markets

More from Friday 11 September →