India, Sept. 12 -- US consumer prices increased 3.4% in August 2026 from a year earlier, matching economists' expectations and remaining unchanged from July, according to the latest data from the US Bureau of Labor Statistics. However, prices rose faster on a monthly basis, increasing 0.4% in August compared with 0.1% in July. The acceleration comes as energy costs rise sharply amid the ongoing conflict involving the US and Iran.

What Does The latest US CPI Data Show?

The annual inflation rate remained at 3.4%, while core inflation, which excludes food and energy prices, eased to 2.4% from 2.5% in July. The monthly increase was the strongest since May, highlighting renewed price pressure despite the moderation in underlying inflation. ...