Stubbornly Hot Inflation Raises Pressure on the Fed The latest consumer price index (CPI) numbers are out, and they're a stark reminder that inflation remains a persistent problem for American consumers. The 0.
4% increase in prices from July to August contributed to an annual inflation rate of 3. 4%, which has erased all wage gains since April. Inflationary pressure is no longer confined to energy and related sectors.
Gasoline prices have surged by 27.