Inflation has held steady at 3.4% in August. This rate indicates that prices are accelerating.
Further information on this development is available from the Society for Human Resource Management.
Details on the factors contributing to the steady inflation rate and its potential impact are not specified here, but can be found through the same source.
The Federal Reserve appears increasingly likely to hike interest rates next week, as inflation remains stubbornly elevated amid the war with Iran. New data out Friday showed annual inflation remained unchanged in August, still well above the central bank’s target 2 percent rate. ...
