United States · Business news · Economy · 11 Sept 2026
US Consumer Discretionary Consumer Staples Energy Industrials
The consumer price index rose 0.4% in August after a 0.1% gain in July, and was 3.4% higher than a year earlier. Gasoline rose 3.9% after two monthly declines and made up more than a third of the increase. Excluding food and energy, prices rose 0.3% in the month and 2.4% over the year; airline fares climbed 2.7% as jet fuel costs rose. Food prices rose 0.1% and grocery prices were unchanged. After the report, markets priced about a 91% chance of a Federal Reserve rate increase the following week.
The August numbers show energy costs moving back into consumer prices after the summer dip: gasoline directly, and air fares through jet fuel. That is revenue for refiners and for airlines able to pass fuel costs on, and a squeeze on households' other spending at retailers and restaurants. Grocery prices were flat, so food retailers and packaged-food makers saw no pricing lift. With core inflation at 2.4%, the pressure was concentrated in energy-linked items, not spread across goods and services.
Reported by Reuters / Honolulu Star-Advertiser — “Consumer inflation picks up in August as gas prices surge” ↗ on 11 Sept 2026.
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