Inflation held steady in August as Iran war surges oil prices

Inflation remained unchanged in August as gas prices continued to rise amid the war with Iran, new data from the Bureau of Labor Statistics (BLS) showed Friday. The consumer price index (CPI) increased 0.4 percent last month and 3.4 percent over the same time last year. This was unchanged from July, when the annual inflation rate also sat at 3.4 percent. …