Today’s Lead Story
Monday, September 14Inflation
August Consumer Prices Up 3.4% as Gasoline Costs Drive Monthly Spike
via Bureau of Labor Statistics
The Consumer Price Index rose 3.4% over the past 12 months and 0.4% in August alone, the BLS reported on September 11. Gasoline prices jumped 3.9% for the month and 27.4% year-over-year, accounting for more than a third of the monthly increase, while core inflation held at 2.4% annually.
Why it matters
Higher gas costs at the pump quickly ripple into grocery and delivery prices, so tracking your fuel and food spending now can help you spot budget strain before it compounds.
