US inflation pressures stubborn as fuel prices rise

2023-09-13 21:51

The US inflation rate was 3.7% over the 12 months to August, up from 3.2% in July.

Consumer prices in the US rose by more than expected last month, driven by higher costs for rent and fuel.

The inflation rate, which measures the pace of price rises, was 3.7% over the 12 months to August, the Labor Department said, up from 3.2% in July.

The figures underscore the challenges...