Inflation Held Steady in August, With CPI Rising 0.4% Last Month and 3.4% Year Over Year.

Inflation held steady in August, with the consumer price index (CPI) rising 0.4 percent last month and 3.4 percent over the past year. The report, released by the Labor Department, showed that price pressures remained consistent with recent trends, as energy and shelter costs continued to influence the overall index. Core inflation, which excludes volatile food and energy prices, also rose at a similar pace, suggesting that underlying demand remains resilient.