U.S. Inflation Remained High in August

The pace of U.S. consumer-price increases moderated somewhat in August but remained close to a four-decade high.

The Labor Department on Tuesday reported its consumer-price index rose 8.3% in August from the same month a year ago, down from 8.5% in July and from 9.1% in June, which was the highest inflation rate in four decades. The CPI measures what consumers pay for goods and services.