Business
US prices remain high as fuel costs squeeze household budgets
Prices in the US rose 3.4% in the 12 months to August, according to the latest official report on inflation.
BBC Business•
Prices in the US rose by 3.4% in the year to August, with the cost of living pushed up by higher gasoline prices, official figures show.
The overall inflation rate was unchanged from July, according to the Bureau of Labor Statistics (BLS).
It comes ahead of the Federal Reserve making its latest interest rate decision next week, with growing expectations they will be increased in a bid to slow the rate at which prices are rising.
Fed chair Kevin Warsh has been tight-lipped on any future decisions, but his comments that the central bank's focus should be on slowing price rises has further fuelled expectations of a rise.