US inflation stays high as diesel hits record and home sales slow
US inflation remains high, with consumer prices up 3.4% year-over-year. Diesel prices hit a record $6.05 per gallon, and wholesale inflation rose 5.4%. Home sales slowed due to higher mortgage rates, which reached 6.76% for 30-year fixed loans. Jobless claims remained low, and stocks rose Friday as oil prices eased.
- 1. US inflation remained elevated in August, with the consumer price index rising 3.4% year-over-year, the same rate as July.
- 2. Diesel prices in the US hit a record high of $6.05 per gallon on average, a significant increase from $3.70 a year ago.
- 3. US home sales slowed in August to their slowest annual pace in over a year, with existing home sales declining 2% from July.
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skim analyzes recent India Today coverage for what holds up, what reads as opinion, and what may not be fully supported. Last updated 12th September 2026.