US CPI Accelerates on Gasoline Surge

2026-09-11 12:38 By Joana Ferreira 1 min. read

US consumer prices rose 0.4% month-on-month in August 2026, accelerating from 0.1% in July and in line with expectations.

It was the largest monthly increase in three months, driven primarily by a 3.9% surge in gasoline prices as crude prices rallied amid escalating US-Iran tensions.

Shelter costs rose 0.3%, up from 0.1% in July, while food prices increased 0.1% for a second consecutive month.

Communication, lodging away from home, airline fares, education, and used cars and trucks also contributed to the rise.

Meanwhile, medical care and motor vehicle insurance costs declined.

Core CPI, excluding food and energy, rose 0.3% in August, above expectations for a 0.2% increase.



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US CPI Accelerates on Gasoline Surge
US consumer prices rose 0.4% month-on-month in August 2026, accelerating from 0.1% in July and in line with expectations. It was the largest monthly increase in three months, driven primarily by a 3.9% surge in gasoline prices as crude prices rallied amid escalating US-Iran tensions. Shelter costs rose 0.3%, up from 0.1% in July, while food prices increased 0.1% for a second consecutive month. Communication, lodging away from home, airline fares, education, and used cars and trucks also contributed to the rise. Meanwhile, medical care and motor vehicle insurance costs declined. Core CPI, excluding food and energy, rose 0.3% in August, above expectations for a 0.2% increase.
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