US consumers faced more high prices in August as Iran war raised energy costs

Annualized inflation rate was 3.4%, same as July, and core inflation, which omits energy and food prices, rose to 2.4% US consumer prices remained stubbornly high in August as the end of the ceasefire between the US and Iran pushed energy prices up, according to data from the US Bureau of Labor Statistics released on Friday. The annualized inflation rate was 3.4%, the same as it was in July.