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US CPI Rose 0.4% in August
The inflation rate in the United States increased in August, with the Consumer Price Index rising by 0.4% on a monthly basis, compared to the previous increase of 0.1%. Year over year, inflation climbed to 3.4%, with core inflation (which excludes food and energy) rising by 0.3% monthly and 2.4% annually. These figures come ahead of the Federal Reserve's meeting next week and serve as an important indicator for the decision to raise interest rates, amid market expectations of a potential increase in rates to combat inflation.
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