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NEW YORK, NEW YORK - JULY 27: People shop in a Manhattan store on July 27, 2023 in New York City. A report released on Thursday by the government stated a 2.4% annualized growth in the American economy last quarter, offering reassurance against recession. Spencer Platt/Getty Images/AFP (Photo by SPENCER PLATT / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)
Consumer inflation in the United States picked up in August for a second straight month, according to government data released Wednesday, putting the heat on policymakers as they work to lower prices.
The consumer price index (CPI), a key inflation gauge, jumped 3.7 percent from a year ago, picking up pace from July's 3.2 percent figure, said the Labor Department. But a measurement stripping out volatile segments cooled.
