Inflation measures rises 3.7% year over year in August (The Associated Press)

The consumer price index rose 3.7% on a year-over-year basis, up from an annual increase of 3.2% in July, The Associated Press reported. However, “core prices” — which exclude the food and energy categories — rose by 4.3% year over year, a lower increase than the 4.6% in July and the smallest increase in two years. “We’re getting to the stage where we’ve basically had all the low-hanging fruit in terms of disinflation,” Blerina Uruci, an economist at T. Rowe Price, told The Associated Press. “The progress on core inflation over the coming months is going to be slow and it’s going to be uneven.”