US Consumer Prices Accelerated in August

U.S. consumer prices jumped by the most in more than a year in August, mostly riding higher on an increase in gasoline prices, the government said Wednesday. However, analysts say underlying price pressures were tame enough that the country's central bank may not see the need to increase its benchmark interest rate at next week's meeting.

The country's consumer price index edged higher last month by 3.7% on an an