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U.S. inflation is set for a big increase, CPI to show. Here’s why.

Por: MarketWatch Politics September 13, 2023

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By contrast, the CPI barely rose in each of the past three months. The chief culprit? Higher oil prices. The cost of oil has surged almost 25% since late July. In some parts of the U.S, the cost of gas has even topped $4 a gallon. As a result, the yearly rate of inflation could climb to 3.6% August from 3.2% in July and from a 27-month low of 3% in June. Yet if energy is set aside, inflation is easing in most parts of the economy. And most... + full article



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