US Inflation Accelerates as Gas Prices Surge
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.