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US consumer prices pick up in August, bolstering chances of interest rate increase
SCMP World
September 11, 2026
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US consumer prices accelerated in August as the cost of petrol rebounded after two straight monthly declines, bolstering financial market expectations that the Federal Reserve could raise interest rates next week. The Consumer Price Index (CPI) increased 0.4 per cent last month after edging up 0.1 p
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