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August inflation steady at 3.4%, core CPI slightly hotter, raising rate hike uncertainty.

Market News
11 Sep 2026
New York Post
View Source
Neutral
August inflation steady at 3.4%, core CPI slightly hotter, raising rate hike uncertainty.

In August, the Consumer Price Index (CPI) rose 3.4% year-over-year, matching July's rate and economists' expectations but still above the Federal Reserve's 2% target. Monthly CPI increased by 0.4%. Core CPI, which excludes food and energy, rose 2.4% annually and 0.3% monthly, slightly above estimates. Gasoline prices surged 3.9%, contributing significantly to overall inflation. These figures keep the possibility of an interest rate hike next week uncertain as inflation remains stubbornly high.

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