News Wrap: August inflation report shows consumer prices up 3.4%
Summary
Consumer prices in the U.S. went up by 3.4% in August compared to last year. This inflation report may cause the Federal Reserve to increase interest rates. U.S. health officials announced the end of the cyclospora outbreak, and a British official reported heavy Russian troop losses in Ukraine.Key Facts
- Consumer prices increased 3.4% in August compared to the previous year.
- The inflation report may influence the Federal Reserve to raise interest rates.
- U.S. health officials said the cyclospora outbreak is over.
- A British official stated that over 500,000 Russian soldiers have died since the Ukraine conflict began.
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