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Oct 15, 2026 · 5 min · 5 segments
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Oct 15, 2026 · 5 min · 5 segments
An ABC News Update Learn more about your ad choices. Visit podcastchoices.com/adchoices
Jim RyanNow, year-over-year inflation is coming hotter than even economists were anticipating.
As has been the case since the start of the U.S.-Iran War, energy prices were a major driver of the 3.7% surge in the year-over-year Consumer Price Index last month.
Coupled with higher prices for goods and services, average hourly earnings fell in August for a sixth straight month.
Now, year-over-year inflation is coming hotter than even economists were anticipating.
As has been the case since the start of the U.S.-Iran War, energy prices were a major driver of the 3.7% surge in the year-over-year Consumer Price Index last month.
Coupled with higher prices for goods and services, average hourly earnings fell in August for a sixth straight month.
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