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US Inflation Hits 0.4 Percent Monthly Gain in August

By Markets Desk · 2026-09-12 · Updated 2026-09-12 15:56 UTC
A gas pump nozzle resting on a concrete surface next to a blurred highway in the distance
Illustration: Tradingbird

US inflation accelerated in August with a 0.4% monthly jump, driven by Middle East conflict-related gas spikes and a significant uptick in core prices. This data has increased expectations for a Federal Reserve rate hike next week, complicating the economic narrative ahead of the midterm elections.

  • New details from GN markets/inflation (en-US) reveal that core monthly inflation jumped 0.3% in August, its largest gain since April, driven by rising airfares and vehicle costs. Market participants now assign a 70% probability to a Federal Reserve rate hike next week as the agency grapples with these persistent price pressures.

    Source: spectrumlocalnews.com

  • Gas prices spiked due to Middle East conflict, pushing the monthly inflation rate to 0.4 percent and complicating Federal Reserve policy decisions.

    Source: NewsNation
Based on reporting by NewsNation and spectrumlocalnews.com, compiled by the Tradingbird desk.

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