US inflation rebounds in August, CPI shows, despite falling gasoline prices

US inflation rebounds in August, CPI shows, despite falling gasoline prices

Numbers: Lower gasoline prices generated a second straight decline in inflation in the United States, with the consumer price index only rising 0.1% in August. But the report also showed that inflation has spread more widely through the economy and should prompt the Federal Reserve to raise interest rates sharply again. Economists polled by the …

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