Economic Report: U.S. inflation slows again due to cheaper gas, CPI shows. But prices still high for almost everything else

This article was originally published on MarketWatch

Falling gas prices last month delivered a second low inflation reading in a row as the consumer price index rose by just 0.1% in August. But inflation is still running near a 40-year high and is set to spur the Federal Reserve to sharply raise U.S. interest rates again this month.