{
  "id": 6762306,
  "title": "Inflation Remains Elevated as Diesel Prices Hit Record High",
  "url": "https://urgent.news/2026/09/11/inflation-remains-elevated-as-diesel-prices-hit-record-high",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-11T12:41:57.000Z",
  "source": {
    "name": "Newsweek",
    "slug": "newsweek",
    "url": "https://www.newsweek.com/inflation-remains-elevated-as-diesel-prices-hit-record-high-12430921"
  },
  "original_language": "en",
  "account": "Inflation soared in August, with energy costs driving much of the increase, despite President Trump's calls for a near-term rate cut by the Federal Reserve. The Consumer Price Index (CPI) reported a 0.4% rise in August compared to 0.1% in July, with annual inflation remaining stagnant at 3.4%. Energy costs accounted for over one-third of the overall increases, with gas prices averaging $4.30 per gallon, up from $3 pre-Iran war. Diesel hit an all-time high of over $6, while core inflation slowed to 0.3% from 0.2%, but year-over-year inflation remained at 2.4%. Energy prices soared 16.3% in the year ending August, with energy commodities like gas and fuel oil increasing by 28%. Food prices rose 0.1% in August, up 2.7% over the past year, though grocery prices saw a 2.2% increase. High-profile food items like beef saw a 0.6% drop in August, but the beef and veal index rose 5.9% over the year. Economists predict a rate hike at the next Federal Open Market Committee (FOMC) meeting, with 85% chance according to the CME FedWatch tool, despite President Trump's desire for the lowest interest rates in the world.",
  "summary": "Before the report, analysts were forecasting that the Fed would pursue a quarter-point rate hike at next week's meting.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}