{"id":433757,"date":"2026-09-12T09:52:18","date_gmt":"2026-09-12T09:52:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/433757\/"},"modified":"2026-09-12T09:52:18","modified_gmt":"2026-09-12T09:52:18","slug":"inflation-remains-elevated-in-august-us-bureau-of-labor-statistics-reports","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/433757\/","title":{"rendered":"Inflation remains elevated in August, US Bureau of Labor Statistics reports"},"content":{"rendered":"<p class=\"EkqkG IGXmU nlgHS yuUao MvWXB TjIXL aGjvy ebVHC \">HOUSTON, Texas (KTRK) &#8212; The U.S. Bureau of Labor Statistics released its much-anticipated <a class=\"zZygg UbGlr iFzkS qdXbA WCDhQ DbOXS tqUtK GpWVU iJYzE \" data-testid=\"prism-linkbase\" href=\"https:\/\/www.bls.gov\/news.release\/PDF\/cpi.PDF\" target=\"_blank\" rel=\"nofollow noopener\">inflation report<\/a> for August 2026.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">The report showed inflation rose 3.4% in August compared to a year earlier. The month-to-month rise of 0.4% is higher than the 0.1% seen in the July 2026 report.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">Inflation is currently 1.4% higher than the U.S. Federal Reserve&#8217;s target rate of 2%.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">Energy prices and housing prices were major driving factors that led to inflation in the month of August. Gas prices jumped nearly 4% in August from July, according to the U.S. Bureau of Labor Statistics.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">Housing prices rose slightly in the month of August but were around 3% higher than in August 2025.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">The August inflation report comes shortly before the U.S. Federal Reserve is set to meet in September to decide what to do with inflation rates.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">&#8220;I think at this point it&#8217;s a coin flip. I would lean a little bit more towards them increasing them by a quarter of a percent as opposed to leaving them unchanged. I think with the stronger-than-normal jobs report and high inflation, I think that will tilt the Fed towards increasing rates at this point,&#8221; University of San Diego Economics Professor Alan Gin, Ph.D., said.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC eTIW sUzSN \">Gin said if that happens, borrowing costs would eventually rise, meaning consumers will likely spend more money on paying for credit cards, new mortgages, and auto loans.<\/p>\n<p>Copyright \u00a9 2026 KTRK-TV. All Rights Reserved.<\/p>\n","protected":false},"excerpt":{"rendered":"HOUSTON, Texas (KTRK) &#8212; The U.S. Bureau of Labor Statistics released its much-anticipated inflation report for August 2026.&hellip;\n","protected":false},"author":2,"featured_media":433758,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[150674,56,58,57],"class_list":["post-433757","post","type-post","status-publish","format-standard","has-post-thumbnail","category-houston","tag-150674","tag-houston","tag-houston-headlines","tag-houston-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/433757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=433757"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/433757\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/433758"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=433757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=433757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=433757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}