U.S. inflation accelerated last month, reaching above 3.4%. The increase was linked to a spike in gas prices following renewed fighting in the Middle East, worsening affordability pressures for American voters and boosting expectations of interest rate hikes.
WHO:U.S. inflation data
WHAT:U.S. inflation accelerated to above 3.4%, increasing expectations for interest rate hikes.
WHEN:Reported Sep 11, 2026 at 12:04 PM ET
WHERE:USA
WHY:Gas prices spiked after renewed fighting in the Middle East, contributing to the inflation acceleration.
