U.S. Inflation Rises 3.4% in August as Gasoline and energy prices increase

U.S. Consumer prices increased in August, with the Bureau of Labor Statistics reporting a 0.4% rise on a seasonally adjusted basis and a 3.4% increase over the 12 months ending in August.

Gasoline prices climbed 3.9% in August, making up more than one‑third of the monthly gain in the all‑items index, while the energy index added 2.1% and food prices rose 0.1%.

For construction businesses, the energy figures remain a key watchpoint because fuel costs can affect transportation and other jobsite operating expenses.

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