US CPI inflation was 3.4% year over year in August 2026, with the month-over-month pace running at a 4.9% annualized rate, David Andolfatto said. The update points to firm near-term price pressure after July’s 4.7% PCE reading.
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US CPI inflation was 3.4% year over year in August 2026, with the month-over-month pace running at a 4.9% annualized rate, David Andolfatto said. The update points to firm near-term price pressure after July’s 4.7% PCE reading.
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