US inflation holds at 3.4% in August, boosting odds of Fed rate hike
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Neutral summary
The Bureau of Labor Statistics reported Friday that US consumer prices rose 0.4% in August from the previous month and 3.4% year over year, unchanged from July and in line with market expectations. The monthly increase was the fastest since May, driven largely by a 3.9% jump in petrol prices, which accounted for about a third of the overall rise. Following the data, market odds of a quarter-point rate hike at the Federal Reserve’s meeting next week surged to 90%, despite President Donald Trump’s opposition. The national average price of diesel topped $6 a gallon for the first time ever, raising concerns about knock-on effects on food and other consumer prices.
How it was framed
Outlets: 22. Countries: 9. Facts in the shared core: 6.
Publication timeline
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CNBC (outlet profile)
Friday's CPI inflation report is even more important than usual. Here's what to expect. The Bureau of Labor Statistics will release the August consumer price index report at 8:30 a.m.
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CBS News (outlet profile)
August CPI report could spark the Fed's first rate hike in over 3 years. Friday's August CPI report could set the stage for the Federal Reserve's first interest rate hike in more than three years.
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The Independent (outlet profile)
Inflation report lands amid spiking oil prices, rising interest rates and Fed on fence. Friday’s inflation report is shaping up to be among the most consequential in years
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La Tribune (outlet profile)
Donald Trump et la Fed jouent gros avec les chiffres de l’inflation. L'évolution des prix aux Etats-Unis, dévoilée ce vendredi, pourrait être déterminante pour la décision de la banque centrale sur les taux lors de sa p…
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NBC News (outlet profile)
August inflation report could set the path for interest rates, affordability. Friday’s August inflation report could mark a pivotal moment for interest rates, affordability and Kevin Warsh, President Donald Trump’s new…
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Financial Times (outlet profile)
US inflation held steady at 3.4% in August as high fuel prices persist. Figure comes ahead of high-stakes Fed meeting
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CNBC (outlet profile)
Consumer prices rose 0.4% in August, as expected; core inflation was higher than estimated. The all-items consumer price index was expected to rise 0.4% in August, with core, excluding food and energy, showing a 0.2% ga…
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Newsweek (outlet profile)
Inflation Remains Elevated as Diesel Prices Hit Record High. Before the report, analysts were forecasting that the Fed would pursue a quarter-point rate hike at next week's meting.
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The Hill (outlet profile)
Inflation held steady in August as Iran war surges oil prices. Inflation remained unchanged in August as gas prices continued to rise amid the war with Iran, new data from the Bureau of Labor Statistics (BLS) showed Fri…
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CBS News (outlet profile)
August CPI shows inflation held at 3.4%, slightly hotter than expected. The report comes at a pivotal moment for the Federal Reserve, which is scheduled to meet next week to decide whether to hike interest rates.
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New York Post (outlet profile)
Inflation rises 3.4% in August in last report before Fed’s interest-rate decision. The Consumer Price Index rose 3.4% on an annual basis, still stubbornly above the Fed’s 2% goal but the same rate as July, the Bureau of…
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BFMTV (outlet profile)
Le relèvement des taux d'intérêt de la Fed la semaine prochaine se précise: l'inflation ne ralentit pas aux États-Unis et reste à 3,4%, alimentée par la flambée des prix à la pompe. Les États-Unis, où les prix à la pomp…
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Ámbito (outlet profile)
Las acciones y los bonos se someten a la última rueda semanal con la mirada puesta en Wall Street. En EEUU la inflación se volvió a acelerar lo que hace crecer las chances de que la FED vuelva a subir las tasas de inter…
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Ámbito (outlet profile)
Se aceleró la inflación en EEUU y crecen las chances de una nueva suba de tasas de la Fed la próxima semana. Si bien los datos estuvieron en línea con lo estimado por el mercado, eso no significó que el panorama sea pos…
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Euronews (outlet profile)
US inflation holds at 3.4% as monthly price rises hit fastest pace since May. US consumer prices rose 3.4% in the year to August, unchanged from July and exactly in line with expectations, but the monthly increase of 0.…
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CNBC (outlet profile)
Analysis: Hot CPI puts Kevin Warsh’s Fed credibility on the line before rate decision. August CPI data leave Kevin Warsh to choose between acting on his inflation warnings or risking new doubts about his control of the…
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Sud Ouest (outlet profile)
L’inflation continue de grimper aux États-Unis, nouveau coup dur pour Donald Trump. Alors que les prix à la pompe flambent, la hausse des prix se poursuit, avec un taux de 3,4 % sur un an, ce qui pourrait pousser la ban…
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South China Morning Post (outlet profile)
US consumer prices pick up in August, bolstering chances of interest rate increase. US consumer prices accelerated in August as the cost of petrol rebounded after two straight monthly declines, bolstering financial mark…
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CNBC (outlet profile)
Here’s the inflation breakdown for August 2026 — in one chart. Inflation remained stubbornly high in August, largely on the back of higher energy prices amid the Iran war, economists said.
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Bloomberg (outlet profile)
NEC’s Kevin Hassett on 9/11, Inflation, Trump’s $5,000 Payments. National Economic Council Director Kevin Hassett says inflation is “clearly decelerating” over the last three months as he discusses the US August CPI rep…
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La Tribune (outlet profile)
L’inflation américaine ferme la porte à Trump : la Fed se rapproche d’une hausse de taux. Les prix ont augmenté de 0,4 % aux États-Unis en août, après + 0,1 % en juillet. L’inflation reste stable à 3,4 % sur un an, mais…
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El Financiero (outlet profile)
Se ‘inclina balanza’ para aumento en tasa de la Fed: Inflación de EU acelera en agosto más de lo esperado. Especialistas consideran que el dato de inflación de agosto 'inclinará la balanza' dentro de la Reserva Federal…
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El País (outlet profile)
La Bolsa se toma un respiro mientras los tipos y el petróleo pausan sus frenéticas subidas. El Ibex 35 ha avanzado este viernes un 0,91% y recupera los 19.800, y el barril baja de 105 dólares. El alza de la inflación en…
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The New York Times (outlet profile)
Elevated Inflation Keeps Pressure on Fed to Raise Rates. The odds of a quarter-point rate increase at the Federal Reserve’s meeting next week surged to 90 percent after August’s Consumer Price Index report.
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Newsweek (outlet profile)
Experts Predict No Fed Rate Cut Next Week: What It Means. Fresh inflation data have made a September interest-rate cut by the Federal Reserve even harder to justify.
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El Financiero (outlet profile)
Wall Street abre con ganancias con todo y retrocesos en los precios del petróleo: ¿Cómo opera HOY?. El desempeño de los índices accionarios en Europa es de 0.81 por ciento más para el IBEX 35 de España, con 19 mil 820.4…
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Le Monde (outlet profile)
Aux Etats-Unis, la forte inflation grève le pouvoir d’achat des Américains. L’indice des prix à la consommation a augmenté de 3,4 % sur un an en août, selon les chiffres officiels publiés vendredi. Une hausse portée par…
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CBS News (outlet profile)
Fed rate hike likelihood jumps to nearly 90% after hotter CPI report. Investors believe the Fed will raise borrowing costs as it works to tame inflation, which has risen a full percentage point since the Iran war starte…
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Al Jazeera (outlet profile)
Rising petrol costs drive sharp inflation increase in US in August. Petrol prices jumped 3.9 percent month-to-month, accounting for one-third of the overall inflation increase in August.
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New York Post (outlet profile)
Fed Chair Kevin Warsh under presssure to hike rates as inflation fails to cool: ‘Time to put up or shut up’. The latest data suggest inflation by the Fed's targeted measure, above the target 2% for 5-1/2 years, is again…
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Axios (outlet profile)
Record diesel prices stoke food inflation, transportation costs. The record price of diesel threatens to stoke inflation at a time when consumers are already price-sensitive and businesses are reeling from higher costs…
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Bloomberg (outlet profile)
Hot US Inflation Pushes Fed Toward Rate Hike That Trump Opposes. Odds of a rate increase at next week’s meeting have shot up.
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Channel NewsAsia (outlet profile)
Investors brace for possible rate hike at uncertain Fed meeting. On Friday, bets increased that the Fed will hike by a quarter percentage point after data showed consumer inflation picked up in August.
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Channel NewsAsia (outlet profile)
Investors brace for possible rate hike at uncertain Fed meeting. Bets increased that the Federal Reserve will hike by a quarter percentage point after data showed consumer inflation picked up in August.
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CBS News (outlet profile)
U.S. inflation rises as Fed considers interest rate. Inflation in the U.S. is rising yet again, with the Labor Department saying consumer prices in August rose 3.4% year over year. CBS News correspondent Natalie Brand h…
Factual core
- US inflation remained at 3.4% year-over-year in August
- Odds of a rate increase at next week's Federal Reserve meeting have shot up.
- US inflation is fueled by surging gasoline prices
- The US inflation data for August was published on Friday.
- Elevated inflation keeps pressure on the Federal Reserve to raise rates.
- Higher energy prices, driven by the Iran war, contributed to the high inflation in August 2026.