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Blackstone Beach Caribbean Indigenous Art Caquetian Designs

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Rhythms Circus Company Aruba:
putting Aruba’s name on the world
Thursday stage
September 14, 2023
T: 582-7800
www.arubatoday.com
facebook.com/arubatoday
instagram.com/arubatoday
Page 8
Aruba’s ONLY English newspaper
A r u b a ’ s O N L Y E n g l i s h n e w s p a p e r
High gas prices push up inflation, but prices overall are slowly

moving in the right direction

By CHRISTOPHER RUGABER
AP Economics Writer
WASHINGTON (AP) — In-
flation jumped last month
largely because of a spike
in gas prices but other
costs rose more slowly, sug-
gesting price pressures are
easing at a gradual pace.
In a set of conflicting data
released Wednesday, the
Labor Department said the
consumer price index rose
3.7% in August from a year
ago, up from a 3.2% annual
pace in July. Yet excluding
the volatile food and en-
ergy categories, so-called
core prices rose 4.3%, a
step back from 4.7% in July
and the smallest increase
in nearly two years. That is
still far from the Federal Re-
serve’s 2% target.
The big rise in gas prices
accounted for more than
half of the monthly inflation
increase, the government
said.

Continued on Page 3 Shoppers look at blankets on sale in a Costco warehouse Thursday, Aug. 24, 2023, in Sheridan, Colo.
Associated Press