USA August inflation holds at 3.4%

The US annual inflation rate remained at 3.4% in August, in line with expectations, showing no change from July. The rise in energy prices by 2.1% and food prices by 0.1% were key factors, with a notable increase in gasoline prices by 3.9%. Meanwhile, core inflation, which excludes food and energy, increased by 0.3%, with an annual slowdown to 2.4%. Energy prices surged significantly by 16.3% year-over-year, while food prices continued to rise by 2.7%. The data suggest a likelihood of interest rate stability in September, with inflation remaining under control in the short term.

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