المنشور

ENERGY COULD REIGNITE INFLATION IN AUGUST Falling energy prices helped cool July inflation, with gasoline down 2.9% M/M and fuel oil falling 1.7%. But that relief may be temporary. Rising crude prices and strong refining margins are already pushing fuel costs higher. U.S. gasoline now averages $4.03 per gallon, up from $3.87 a month ago, suggesting energy could put renewed upward pressure on August inflation. $CL