High gas prices fuel August inflation spike ...Middle East

Inflation jumped in August thanks largely to a sharp increase in gasoline prices, according to data released Wednesday by the Labor Department. The Consumer Price Index (CPI), a key gauge of inflation, rose 0.6 percent last month and 3.7 percent over the past year, in line with economists' expectations. Gas prices were responsible for more than half of the overall monthly increase in inflation, the Labor Department said. DEVELOPING

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