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September 11, 2026
A report released by the Labor Department on Friday showed consumer prices in the U.S. had increased in August. The Labor Department said its consumer price index climbed by 0.4% in August after inching up by 0.1% in July. A significant rebound in energy prices contributed to the price growth, with energy prices jumping by 2.1% in August after slumping by 1.5% in July. Gasoline prices spiked by 3.9% in August after plunging by 2.9% in July, accounting for over a third of the total monthly increase in consumer prices.
Excluding the sharp increase in energy prices and an uptick in food prices, core consumer prices rose by 0.3% in August after edging up by 0.2% in July. The Labor Department said higher prices for communication, lodging away from home, airline fares, education, and used cars and trucks contributed to the increase in core prices, while lower prices for motor vehicle insurance helped limit the upside. The annual rate of consumer price growth was unchanged at 3.4%, while the annual rate of core consumer price growth dipped from 2.5% in July to 2.4% in August.
A separate report released by the Labor Department on Thursday showed producer prices in the U.S. had also increased in August. The Labor Department said its producer price index for final demand rose by 0.4% in August following a revised 0.1% uptick in July. The report also said the annual rate of growth in producer prices surged from 4.8% in July to 5.4% in August. 09/11/2026 - 09:37:00 (RTTNews)
British Pound traded at 1.3521 against USD at 9:00 AM PST
The UK economy expanded in July, driven by artificial intelligence and cloud computing gains in the services sector. Gross domestic product (GDP) grew 0.4% in July, up from 0.3% in June and no growth in May. The dominant service sector expanded 0.4%, and construction output grew 0.1% in July. Industrial production moved up by 0.2%, offsetting June's 0.2% decrease.
Within industry, manufacturing output advanced 0.9%, while mining and quarrying output was down 4.4%. Electricity, gas, steam and air conditioning output slid 1.5%, and water supply, sewerage, and waste management grew 2.0%. Yearly, GDP climbed 1.6% in July. In the three months to July, GDP gained 0.4%, the same pace of expansion as seen in the three months to June.
The visible trade deficit narrowed to GBP 20.96 billion in July from GBP 23.0 billion in June. At the same time, the surplus on services trade remained broadly unchanged at GBP 17.5 billion. As a result, the total trade deficit declined to GBP 3.45 billion from GBP 5.54 billion in the previous month. 09/11/2026 - 05:07:00 (RTTNews)
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