Inflation rose 3.7% in August as consumer prices heat up againThe Labor Department said the consumer price index showed that inflation ticked higher in August as price pressures in the economy remained unusually high.

The Labor Department said Wednesday that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, rose 0.6% in August from the previous month, in line with estimates. 

Prices climbed 3.7% from the same time last year, up from 3.2% in July. It marked the second acceleration in the headline figure in more than a year, underscoring the challenge in taming high inflation.

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https://www.foxbusiness.com/economy/cpi-inflation-august-2023