US Consumer Prices Up 8.3% in Year to August, Continue Dip From 40-Year Highs, Labor Dept Says

WASHINGTON (Sputnik) - US consumer prices grew by 8.3% in the year to August, slowing for a second month in a row, Labor Department data showed on Wednesday, but economists said the retreat was unlikely to be enough to stop the Federal Reserve from approving another substantial rate in September to fight inflation.