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US Inflation Holds at 3.4% as Diesel Tops $6

By Markets Desk · 2026-09-11 · Updated 2026-09-11 14:02 UTC
A fuel pump nozzle resting on a concrete surface next to a puddle of liquid
Illustration: Tradingbird

US inflation held steady at 3.4% year-over-year in August, with monthly gains accelerating to 0.4% amid record-high diesel and surging gasoline costs. Core inflation remains relatively subdued at 2.4% annually as the Federal Readies for next week's rate decision.

  • According to GN markets/inflation (en-US), the monthly CPI acceleration to 0.4% was largely driven by a 3.9% spike in gasoline prices, which contributed more than one-third of the total increase. Meanwhile, core inflation, which excludes volatile food and energy costs, saw its annual rate ease slightly to 2.4%.

    Source: Anadolu Ajansı

  • US inflation remained at 3.4% year-over-year through August. Diesel prices reached a record high of over $6 per gallon. The Federal Reserve prepares for next week's interest rate decision.

    Source: BBC
Based on reporting by BBC and Anadolu Ajansı, compiled by the Tradingbird desk.

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LIVE · 2 updates · last 13:59 UTC

US Inflation Holds at 3.4% as Gas Prices Spike

US inflation held at 3.4% year-over-year in August, but monthly gains accelerated to 0.4% driven by spiking gas costs and broader price increases in services. The hotter-than-expected data has boosted market bets that the Fed will raise interest rates at its next meeting, despite recent efforts by the administration to suppress bond yields.

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