Annual inflation at 5.3% in August amid overheating fears

Published September 14, 2021 12:00am ET



Consumer prices increased 5.3% in the year ending in July, according to a report released on Tuesday by the Department of Labor.

The numbers from the consumer price index came in line with forecast expectations and raise concerns that inflation is coming in too hot as the country continues its recovery from the COVID-19 pandemic.

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