The U.S. consumer price index (CPI) for August matched market expectations.
The U.S. Bureau of Labor Statistics said on Sept. 11 that the August U.S. CPI rose 3.4% from a year earlier.
From the previous month, it rose 0.4%. Both the year-over-year and month-over-month figures matched analysts' forecasts.
Core CPI, excluding volatile energy and food, rose 2.4% from a year earlier and 0.3% from the previous month.
It matched analysts' forecasts year over year but exceeded the month-over-month forecast of 0.2%.
Energy prices led the overall rise in inflation. Gasoline prices jumped 3.9%, accounting for more than one-third of the increase in the overall index.
Amid pressure from rising tensions in the Middle East, the energy index rose 2.1% overall and was up 16.3% from a year earlier.
Food prices rose a slight 0.1%, with at-home food expense flat. The year-over-year increase in the food index was 2.7%.