The consumer price index, an inflation barometer, rose 3.4% on an annual basis in August 2026, according to the Bureau of Labor Statistics. That's well above the Federal Reserve's inflation target.
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 ...
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