Inflation

US Annual Inflation Reaccelerates to 3.7 Percent in August as Oil Prices Surge

The annual consumer price index (CPI) was released for August and inflation maintained its upward trajectory.
US Annual Inflation Reaccelerates to 3.7 Percent in August as Oil Prices Surge
A customer pumping gasoline at an Arco gas station in Mill Valley, Calif., on March 3, 2015. Justin Sullivan/Getty Images
Andrew Moran
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The U.S. annual inflation rate rose to 3.7 percent in August from the consumer price index (CPI) reading of 3.2 percent a month earlier, according to Bureau of Labor Statistics data.

It was slightly higher than economists’ expectations of 3.6 percent.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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