Inflation remained stubbornly high in August, largely on the back of higher energy prices amid the Iran war, economists said.

The 12-month rate of inflation as of August 2026 is 3.4%, according to the Bureau of Labor Statistics (BLS). Energy inflation spiked to 16.9% as the status of the Strait of Hormuz remains uncertain.

Investors over the past several days have begun pricing in higher inflation rates, following a Treasury Department market intervention announced this week. Breakeven rates hit levels not seen in more ...

Consumer price index data largely matched expectations of a retreating inflation threat but may keep alive the possibility of a Federal Reserve rate hike in September following Friday's weak July jobs ...

Senate testimony ‘hints’ how the Fed could respond if inflation spreads beyond temporary energy shocks.