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US inflation holds steady at 3.4% and prices rise faster since MayPhoto by Alexandra_Koch on Pexels
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US inflation holds steady at 3.4% and prices rise faster since May

Euronews Portugal11 September 2026 at 14:27

US consumer prices rose 3.4% in August compared to the same month in 2023, holding at the same level recorded in July. This value represents a stabilization in the annual inflation rate.

However, the monthly increase was 0.4%, the highest since May, indicating an acceleration of prices in the short term. This data suggests that the energy shock is already having an impact on the North American economy.

The figures come just four days before a Federal Reserve decision on possible further interest rate hikes. The monthly acceleration of inflation may influence the central bank's position on this issue.

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