The annual inflation rate in the US steadied at 3.4% in August 2026, the same as in July and in line with forecasts. On a monthly basis, the CPI rose 0.4%, the most in three months, also matching forecasts. Gasoline rose 3.9% in August, accounting for over one third of the monthly all items increase. Meanwhile, core CPI rose 0.3% on the month, above 0.2% in July and forecasts of 0.3%. The annual rate however, slowed to 2.4%, the lowest reading since March 2021, from 2.5%, as expected.