Annualized inflation rate was 3.4%, same as July, and core inflation, which omits energy and food prices, was up to 2.4% US consumer prices remained stubbornly high in August as the end of the ceasefire between the US…
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Price for the crop dropped dramatically this summer after the cyclospora outbreak caused demand to wilt At the Republicans’ midterm convention held earlier this week, Donald Trump said that “food prices and almost… Grouped from 2 articles across 1 sources.
U.S. diesel prices hit their highest level ever as fuel supply disruption stemming from the Ukraine and Iran wars lifts transportation costs. Grouped from 2 articles across 2 sources.
The producer price index was expected to rise 0.4% in August, according to the Dow Jones consensus forecast.
Petrol prices jumped 3.9 percent month-to-month, accounting for one-third of the overall inflation increase in August.
Treasury yields remained near multiyear highs as investors weighed the impact of the latest consumer price report for August.
Oil near $100 could further squeeze leveraged private credit borrowers as investors weigh the risk that inflation could push interest rates higher again.