Rising petrol costs drive sharp inflation increase in US in August
Petrol prices jumped 3.9 percent month-to-month, accounting for one-third of the overall inflation increase in August.
Petrol prices jumped 3.9 percent month-to-month, accounting for one-third of the overall inflation increase in August.
Ranked reports inside the event cluster. Open any publisher link to read the original coverage.
Petrol prices jumped 3.9 percent month-to-month, accounting for one-third of the overall inflation increase in August.
Nearby clusters pulled from title, summary, and keyword similarity in PostgreSQL.
Inflation remained stubbornly high in August, largely on the back of higher energy prices amid the Iran war, economists said.
Treasury yields remained near multiyear highs as investors weighed the impact of the latest consumer price report for August.
Inflation remained stubbornly elevated at 3.4% in August at the end of a week of surging oil prices
US consumer prices rose 3.4% in the year to August, unchanged from July and exactly in line with expectations, but the monthly increase of 0.4% was the sharpest since May, a sign the energy shock is starting to bite…
U.S. stocks are rebounding and clawing back much of their losses for the week after oil prices eased off their recent spurt Grouped from 2 articles across 2 sources.
Prices spiked as attacks on oil tankers escalated amid the US-Iran war.