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.
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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.

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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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