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- The Consumer Price Index rose by 3.7% over the year in August.
- That's above July's year-over-year increase.
- The latest report from the Bureau of Labor Statistics suggests inflation is still too high, given the Fed's 2% target.
Inflation is still a concern as it increased again in August.
The Consumer Price Index or CPI rose by 3.7% year-over-year in August, the Bureau of Labor Statistics reported. That's greater than July's year-over-year increase of 3.2% and exceeds the forecast of a 3.6% increase year over year.