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US Inflation Holds Steady at 3.4% Amid Ongoing Fuel Price Pressures

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US inflation remained steady at 3.4% in August, according to data released by the government.

The figure is a slight decrease from July's rate of 3.6%, but still above the Federal Reserve's target of 2% annual inflation.

High fuel prices persist as a major contributor to the current inflation rate, with gasoline and diesel prices remaining elevated due to global supply chain disruptions.

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