Claims extracted
23
sentences that state something as happening or true
Uncertain
9%
2 of 23 hedged
("reportedly", "may", "according to")
Leaning
Leans right
of the writing, not the subject · beta estimate
Publisher signals
68/100
BBC News's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
2
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
- Published
Prices in the US rose by 3.4% in the year to August, with the cost of living pushed up by higher gasoline prices, official figures show.
asserted
figures → publish → prices
The overall inflation rate was unchanged from July, according to the Bureau of Labor Statistics (BLS).
uncertain
rate → accord → Statistics
It comes ahead of the Federal Reserve making its latest interest rate decision next week, with growing expectations they will be increased in a bid to slow the rate at which prices are rising.
asserted
prices → come → which
US household budgets have come under mounting pressure, especially at the fuel pumps, with a gallon of diesel hitting a new all-time high of more than $6 on average on Friday.
asserted
gallon → come → Friday
The spike in fuel prices has been driven by higher global oil prices, caused by supply disruptions as a result of the US-Iran war.
asserted
spike → drive → war
The price of benchmark Brent crude oil is hovering above $100 a barrel following recent escalations in the conflict.
asserted
price → hover → conflict
As well as directly driving up costs at the pumps, higher oil prices can also make transporting goods more expensive.
asserted
transporting → drive → goods
Such costs can be passed down to consumers through steeper prices for food and other staples, pushing up the overall cost of living.
asserted
costs → pass → living
The BLS said gasoline prices rose 3.9% last month alone, accounting for more than a third of inflation overall.
asserted
prices → say → inflation
Wages are also failing to keep up with the rising cost of living, with separate figures showing real average hourly earnings fell by 0.3% over the past year.
asserted
earnings → fail → year
There are increasing expectations that interest rates will be hiked given the current inflation picture, strong jobs market and President Donald Trump saying he does not think oil prices will come down until the war with Iran ends, which he expects to happen after November's elections.
asserted
he → be → elections
Fed chair Kevin Warsh has been tight-lipped on any future decisions, but his comments that the central bank's focus should be on slowing price rises has further fuelled expectations of a rise.
asserted
focus → slow → rise
According to data from CME Group, 85% of traders are now betting on rates being raised by a quarter percentage point next week.
uncertain
rates → accord → point
Skyler Weinand, chief investment officer at Regan Capital based in Dallas, said while inflation was in line with expectations, it was "still too hot and the Federal Reserve's hands are tied".
asserted
hands → base → expectations
"A rate hike next week is all but assured.
asserted
hike → assure → ?
Consumer prices are going in the wrong direction and remain significantly higher than the Fed's 2% target."
Interest rates have been left on hold for five meetings in a row, at between 3.5% and 3.75%.
asserted
rates → go → 3.5
By pushing up the cost of borrowing for things such as mortgages, loans and credit cards, it is hoped consumers will spend less and the rate of price increases will slow.
asserted
rate → push → increases
Increased rates can encourage people to save money by increasing their potential returns.
asserted
rates → increase → returns
Jamie Hagen, president of Hell Bent Xpress, a family-owned trucking company in South Dakota, told the BBC's World Business Report podcast that higher oil prices were hurting his business
"I've already invested in new equipment.
asserted
I → own → equipment
We thought the economy was gonna start humming and now everybody's paused.
asserted
everybody → think → ?
Like someone turned the faucet off," he said.
asserted
he → turn → faucet
"The calls aren't coming in, the freight is slowing down drastically because there's just no money left for it.
asserted
freight → come → it
People aren't buying things and shippers aren't making things."
asserted
shippers → buy → things
The Aporia
