Higher Prices Linger , Despite Inflation Falling , to 8.3% in August.<br />NBC reports that inflation in the United States changed little over the month of August. .<br />According to data released on September 13 by the U.S. Bureau of Labor Statistics, inflation landed at 8.3% in August compared to the same time in 2021. .<br />Bloomberg surveyed economists who <br />had forecast an 8.1% annual increase. .<br />In July, prices ended up increasing by 8.5%.<br />While food and gas prices remain volatile, inflation has increased 6.3% year-on-year, higher than estimates of 6.1% and a monthly increase of 5.9%.<br />Meanwhile, motor vehicle maintenance and repair went up 1.7% and health insurance went up 2.4%. .<br />Meanwhile, motor vehicle maintenance and repair went up 1.7% and health insurance went up 2.4%. .<br />Gas prices have dropped for <br />three months in a row reaching<br />a national average of $3.70 a gallon. .<br />Food prices have remained high, <br />climbing to 11.4% overall, <br />compared to the same time last year.<br />Over that same period of time, <br />food at home prices increased 13.5%, <br />while food away from home went up 8%.<br />According to the most recent New York Federal Reserve survey, inflation is expected to remain high for the foreseeable future while it continues to crawl downward. .<br />According to the most recent New York Federal Reserve survey, inflation is expected to remain high for the foreseeable future while it continues to crawl downward. .<br />A Gallup poll released this month found<br />that a majority of Americans say they have <br />financially been impacted by inflation.<br />A Gallup poll released this month found<br />that a majority of Americans say they have <br />financially been impacted by inflation.<br />Last week, Federal Reserve Chairman Jerome Powell said the central bank feels optimistic it can continue to raise interest rates without incurring "very high social costs." .<br />Last week, Federal Reserve Chairman Jerome Powell said the central bank feels optimistic it can continue to raise interest rates without incurring "very high social costs."
