Headline RoundupSeptember 13th, 2023

Inflation Rose 3.7% in August

Summary from the AllSides News Team

Annual inflation rose 3.7% in August and rose 0.6% from the month before, according to the Bureau of Labor Statistics.

The Details: Gas prices rose 10.6% from July, and prices of medical commodities (up 0.6%) and shelter (0.3%) both continued climbing. Used cars and trucks (down 1.2%) were some of the only items in the Consumer Price Index to see a price decrease from July. Core inflation, which excludes energy and food prices, rose 4.3% annually. Both the overall inflation increase and the core inflation increase matched predictions from economists.

For Context: Annual inflation has now risen in back-to-back months after 12 consecutive months of declines.

How the Media Covered It: Sources across the spectrum covered the data as a top story Wednesday, and many framed it in the context of the Federal Reserve's efforts to fight inflation by raising interest rates. Fox Business (Lean Right bias) said the report underscored "the challenge in taming high inflation." NBC News (Lean Left) said that "Broadly speaking, the central bank's effort seems to have been working."

Featured Coverage of this Story

More headline roundups

AllSides Picks

More News about Economy and Jobs from the Left, Center and Right

From the Left

From the Center

From the Right