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US Inflation Accelerates as Gas Prices Surge

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US inflation accelerated in August as gas prices spiked.

The Consumer Price Index (CPI) rose by 0.6% in August, according to data released on Friday.

Gasoline prices were a significant contributor to the increase, with fuel costs rising by 10.5% over the month.

This surge in gas prices pushed the overall energy index up by 8.7% in August.

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