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US' consumer price index surges 0.6% in August 2023

An upward trend was witnessed in the energy sector, where the index escalated by *.* per cent last month, a cumulative effect of spikes in all major energy component indexes. Despite this, a year-end analysis reveals a dip of *.* per cent for the ** months concluding in August.

The index for all items, excluding the impacts of food and energy, experienced a *.* per cent uplift in August, slightly higher than the *.* per cent seen in July. Consequently, over the span of the last year, this index has surged by a remarkable *.* per cent, as per the Bureau of Labor Statistics.