US inflation held steady at 3.4% in August as high fuel prices persist

US inflation remained steady at 3.4% during August, according to the latest official figures. This stability comes as high fuel costs persist, with diesel prices specifically exceeding $6 a gallon. These economic indicators have emerged just before a high-stakes Fed meeting. The data confirms that prices in the US rose by 3.4% over the twelve months leading up to August, reflecting the ongoing impact of energy costs on the overall national inflation rate.