Washington, Sept. 30 -- US inflation, measured by the Personal Consumption Expenditures (PCE) price index, rose 3.4 per cent in August from the same month a year ago, while consumer spending increased 0.9 per cent during the month, according to the latest estimates released by the US Bureau of Economic Analysis (BEA).

The PCE price index increased 0.3 per cent from the preceding month in August. Excluding food and energy, the PCE price index increased 0.2 per cent during the month.

BEA said, "From the preceding month, the PCE price index for August increased 0.3 per cent. Excluding food and energy, the PCE price index increased 0.2 per cent".

On a year-on-year basis, the PCE price index excluding food and energy increased 3.0 per cent ...