US Inflation Surges 1.7% as Consumer Prices Rise 0.6% in August 2012

September 14, 2012 · Filed Under Inflation · Comment 

US inflation rose in August by the most in more than three years as consumers paid sharply higher fuel bills, the US government reported Friday in Washington.

Led by surging prices at the pump, consumer prices jumped 0.6 percent in August after being flat in the previous two months. The increase was the sharpest since mid-2009. Read more