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InflationAugust Consumer Prices Rose 3.4% Annually as Gasoline Costs JumpedEconomyFed Rate Decision Arrives Wednesday — Markets Now Lean Toward a Quarter-Point HikeMortgage & HousingFreddie Mac Survey: 30-Year Mortgage Rate Edges Up to 6.76%DebtAverage New Credit Card APR Rises to 23.82% — Up for the Second Month in a RowRetirementAverage 401(k) Balance Hit a Record $155,800 in Q2 — But Hardship Withdrawals Also RoseInflationAugust Consumer Prices Rose 3.4% Annually as Gasoline Costs JumpedEconomyFed Rate Decision Arrives Wednesday — Markets Now Lean Toward a Quarter-Point HikeMortgage & HousingFreddie Mac Survey: 30-Year Mortgage Rate Edges Up to 6.76%DebtAverage New Credit Card APR Rises to 23.82% — Up for the Second Month in a RowRetirementAverage 401(k) Balance Hit a Record $155,800 in Q2 — But Hardship Withdrawals Also Rose
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Today’s Lead Story
Saturday, September 12

Inflation

August Consumer Prices Rose 3.4% Annually as Gasoline Costs Jumped

via Bureau of Labor Statistics

Consumer prices climbed 0.4% in August and 3.4% over the past year, matching estimates, with gasoline rising 3.9% for the month and accounting for more than a third of the total monthly gain. Core inflation held at 0.3% monthly and 2.4% annually.

Why it matters

Persistent gasoline and shelter cost increases are squeezing household budgets heading into fall, especially for those with longer commutes or fixed incomes.

See all today’s storiesRead source

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