Rising petrol costs drive sharp inflation increase in US in August
✨ AI Summary
Petrol did most of the damage in August's US inflation numbers. Gasoline rose 3.9 percent from July, and that single move accounted for roughly a third of the month's overall increase. The figures suggest fuel costs, rather than a broad run-up in prices, drove the sharp uptick.
Petrol prices jumped 3.9 percent month-to-month, accounting for one-third of the overall inflation increase in August.
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