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Inflation · September 14, 2026 · 2 min read

U.S. Consumer Price Index Rose 0.4 Percent in August 2026 as Energy Costs Rebounded

By Econ Data Tools Editorial Team

Published September 14, 2026 • Updated September 14, 2026

Reviewed by Gemini source-aware QC (100/100)

The U.S. Consumer Price Index for All Urban Consumers increased by 0.4 percent on a seasonally adjusted basis in August 2026, following a 0.1 percent gain in July, according to data released by the U.S. Bureau of Labor Statistics. Over the 12 months ending August 2026, headline inflation remained unchanged at 3.4 percent before seasonal adjustment. The monthly acceleration was primarily driven by energy costs, particularly a 3.9 percent rise in gasoline prices, while core inflation—excluding food and energy—rose 0.3 percent month-over-month and 2.4 percent year-over-year.

The U.S. Bureau of Labor Statistics reported that the Consumer Price Index for All Urban Consumers (CPI-U) increased by 0.4 percent on a seasonally adjusted basis in August 2026, accelerating from a 0.1 percent increase in July. Over the 12 months ending in August 2026, the all-items index increased by 3.4 percent before seasonal adjustment, matching the year-over-year pace observed in July. A primary driver of the monthly headline acceleration was energy costs. The energy index rose 2.1 percent in August following a 1.5 percent decline in the previous month. Within energy, gasoline prices surged 3.9 percent, accounting for more than one-third of the total monthly increase in the all-items index. Meanwhile, the food index recorded a modest 0.1 percent increase over the month, with food away from home rising 0.3 percent while food at home remained unchanged. Over the trailing 12-month period, overall food prices advanced 2.7 percent, while total energy prices were up 16.3 percent. The core Consumer Price Index—which excludes volatile food and energy categories—rose 0.3 percent in August after a 0.2 percent advance in July. On an unadjusted basis, core CPI expanded 2.4 percent over the 12 months ending in August, slowing slightly from the 2.5 percent rate recorded for the period ending July. Within core components, the shelter index increased 0.3 percent over the month. Additional upward contributions were noted in airline fares, lodging away from home, communication, education, and used cars and trucks. Conversely, indexes for medical care services and motor vehicle insurance were among the major components that recorded declines during the period.

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