Consumers paid more for gas, food, rent and other items in August, raising inflation pressures
Consumers paid more for a range of goods and services last month, pushing up inflation and squeezing Americans' purchasing power.
The Consumer Price Index rose 0.4 percent in August after jumping 0.5 percent in July. The core index, which excludes volatile food and energy prices, rose 0.2 percent.
The Labor Department said food prices rose 0.5 percent, the biggest increase since March. That was due to higher prices for cereals and dairy products. Energy prices increased 1.2 percent. [emphasis added]
Huh.... Food inflation? Who'd thunk.....?