Inflation held steady at 3.4% in August, defying expectations of a decline despite recent economic adjustments. The persistence of high prices comes amid a sharp rise in oil costs, which have climbed significantly over the past week. Economists warn that sustained energy price increases could keep broader inflation pressures alive longer than anticipated. With consumers already feeling the pinch, the latest figures raise fresh questions about whether central banks will need to take further action to cool price growth.
Inflation remained stubbornly elevated at 3.4% in August at the end of a week of surging oil prices
