U.S. inflation accelerated last month as gas prices spiked... The consumer price index rose 3.4% last month compared with a year ago... inflation quickened month to month as costs jumped 0.4% from July, quadrupling the 0.1% registered in the previous month.
Inflation remains stubbornly elevated more than five years after prices soared as the economy emerged from the pandemic.
...
Gas prices jumped 3.9% just from July to August, Friday’s report said, leaving gas prices more than 27% higher than a year earlier.
Gas prices soar as [the President] seeks to reassure Republicans. GasBuddy, which tracks fuel prices, says "every truck, every delivery, every package, every grocery run just got more expensive."
We're in trouble and our Government isn't doing anything to help. The President is more concerned with golf, ballrooms, and gilded accessories.
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- U.S. inflation accelerated last month as gas prices spiked, squeezing Americans' finances - PBS (Business)
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