(The Center Square) – The U.S. Bureau of Labor Statistics released inflation numbers for August Thursday, revealing an 0.4% increase in consumer prices that exceeded projections of 0.3%.

The annual inflation rate, from August 2024 to August 2025, rose to 2.9%. The index for shelter rose 0.4%, and the more volatile consumer price categories of food and energy increased by 0.5% and 0.7%.

The Federal Reserve’s target inflation rate is 2%. After peaking at a 40-year high of 9.1% in June 2022, inflation cooled and finally dipped back into the 2% range in July 2024 at 2.9%. This year, it started at 3% in January and de

August’s report was released less than one week after a weak jobs report, which reflected a major slowdown in the American job market. On Tuesday, the bureau released its

See Full Page