AXIOS reported consumer prices remained elevated in August and an Iran war-driven energy shock has accelerated inf, squeezing household budgets; signs point to persistent underlying inf. The data could strengthen the Fed’s case to hike next week. Since the Iran conflict escalated, oil has risen sharply in September to about $100/bbl from roughly $80/bbl in mid-August. AAA said the US average diesel price climbed to a record $6.00/gal.

2026-09-11

AXIOS reported consumer prices remained elevated in August and an Iran war-driven energy shock has accelerated inf, squeezing household budgets; signs point to persistent underlying inf. The data could strengthen the Fed’s case to hike next week. Since the Iran conflict escalated, oil has risen sharply in September to about $100/bbl from roughly $80/bbl in mid-August. AAA said the US average diesel price climbed to a record $6.00/gal.