EconomyRising petrol costs drive sharp US inflation increase in August
US consumer prices rose 0.4 percent in August, the biggest monthly increase in four months. Petrol prices climbed 3.9 percent and accounted for one-third of the overall rise, as tensions between Iran and the US and bottlenecks in the Strait of Hormuz pushed oil prices higher. The data strengthened expectations of a Federal Reserve rate hike.
AAl Jazeera★★★☆☆2026-09-11 17:28Original
Rising petrol costs drive sharp US inflation increase in August
Economy