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المشهد العربي
US inflation steady amid energy costs
The annual inflation rate in the United States remained steady at 3.4% during August, despite rising energy costs that caused month-to-month inflation to increase to 0.4%. The gasoline price index saw a sharp jump of 3.9%, accounting for more than a third of the overall price increase, while the overall energy index rose by 2.1%. These figures indicate growing cost-of-living pressures, which could strengthen the likelihood of the Federal Reserve raising interest rates to counteract persistent inflation, despite consumer confidence declining for the second consecutive month.
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