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EN
Inflation climbs in August as grocery and gas prices jump
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TPR: The Public's Radio
Grocery prices jumped 0.6% in August, fueling a sharper-than-expected jump in inflation last month.
Prices rose 0.4% between July and August, compared to a 0.2% increase the previous month.
Prices for groceries jumped 0.6% while gasoline prices rose 1.9%.
Consumers also saw higher prices for new and used cars, clothing and air fares in August.
The Federal Reserve faces a challengeThe continued rise in prices poses a challenge for the Federal Reserve as it weighs what to do about interest rates.
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