US inflation holds at 3.4% as monthly price rises hit fastest pace since May
- May: 14 events in the last 90 days
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What happened
US consumer prices rose 3.4% in the year to August, unchanged from July and exactly in line with expectations, but the monthly increase of 0.4% was the sharpest since May, a sign the energy shock is starting to bite four days before a Federal Reserve decision markets expect will deliver a rate hike.
Summary assembled by rule from the sources below