US inflation highest in 14 months

Available for over a year

Driven by things like petrol prices, the consumer price index increased by 0.6% last month, the largest gain since June 2022. However underlying inflation was the smallest in nearly two years, so what could that mean for further interest rate rises by the Federal Reserve? Roger Hearing finds out how the price rises are affecting businesses and what driving up the price of petrol. (Picture: A person puts back a gasoline pump nozzle at a 76 gasoline station in Los Angeles, California, USA, 06 September 2023. Credit: Photo by CAROLINE BREHMAN/EPA-EFE/REX/Shutterstock)