Update: US consumers faced more high prices in August as Iran war raised energy costs

The Guardian — World has covered a development concerning “Update: US consumers faced more high prices in August as Iran war raised energy costs,” with the available account limited to the facts included in the supplied text.

Annualized inflation rate was 3.4%, same as July, and core inflation, which omits energy and food prices, rose to 2.4% US consumer prices remained stubbornly high in August as the end of the ceasefire between the US and Iran pushed energy prices up, as reported by data from the US Bureau of Labor Statistics released on Friday. The report also notes that The annualized inflation rate was 3.4%, the same as it was in July. The most recent peak was seen in May, when the inflation rate hit a three-year high at 4.2%. Core inflation, which strips out volatile energy and food prices, increased 0.3% from the month ahead of and 2.4% annually.

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