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US inflation holds at 3.4% as monthly price rises hit fastest pace since May

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…

1 report1 sourceSep 11, 2026, 1:25 PM
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EuronewsSep 11, 2026, 1:25 PM

US inflation holds at 3.4% as monthly price rises hit fastest pace since May

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 four days before a Federal Reserve decision markets expect will deliver a rate hike.

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