U.S. consumer prices rose in August due to higher costs for a range of items, a sign of firmer inflation as demand for goods continues to rebound from a coronavirus pandemic-induced downturn earlier this year. The consumer-price index—which measures what consumers pay for everyday items including groceries, clothing and electricity—climbed a seasonally adjusted 0.4% in August, the Labor Department said Friday. That marked the third straight month of gains for consumer prices, after sharp declines at the pandemic’s onset.

Source: Wall Street Journal September 11, 2020 13:07 UTC