Gas price spike leads to rise in Consumer Price Index, possibly signaling interest rate hike

The Consumer Price Index rose six-tenths of a percentage point in August, largely driven by a spike in gas prices. CBS News contributor Javier David has more on what the number could mean for interest rates.

Please follow us on Google to support us

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CBSNews /  🏆 87. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Brazil Consumer Price Index (CPI) YoYGet the CPI (YoY) results in real time as they're announced and see the immediate global market impact.
Read more »

India Consumer Price Index (CPI) YoYGet the CPI (YoY) results in real time as they're announced and see the immediate global market impact.
Read more »

Stock futures are little changed as Wall Street awaits key consumer inflation data: Live updatesAll eyes are on August’s reading of the consumer price index, due Wednesday morning.
Read more »

US Consumer Price Index data to offer last insight before Federal Reserve rate decisionThe highly-anticipated US Consumer Price Index (CPI) inflation data for August will be published by the Bureau of Labor Statistics (BLS) on Wednesday
Read more »

Stock Market Today: CPI Inflation Data DueConsumer Price Index data for August is due at 8:30 a.m. ET
Read more »