Prices for a wide swath of goods and services continued to climb in August, according to a report Friday that raises the specter of a Federal Reserve interest rate hike next week. The consumer price index rose a seasonally adjusted 0.4% for the month, putting the 12-month increase at 3.4%, the Bureau of Labor Statistics reported Friday. Both readings were in line with the Dow Jones consensus. Full details:

Prices for Cybercab rides have increased due to Tesla fanboys refusing to get out. "I'm honestly thinking of moving into one" said Jeremy Judkins, a big time influencer who was invited to the launch.

Prices in British shops rose at the fastest rate in more than two years last month, as the fallout from the Middle East conflict started to filter through to supermarket shelves

Prices consumers pay for a variety of goods and services rose slightly in July, according to the Federal Reserve’s main inflation gauge. The personal consumption expenditures price index, which the Fed uses as its preferred forecasting tool, increased a seasonally adjusted 0.2% for the month, putting the annual inflation rate at 3.7%, the Commerce Department reported Wednesday. Both were 0.1 percentage point above the Dow Jones consensus. More details:

Prices of Indium Phosphide (InP) substrates and epi-wafers are set to jump over 10% in the 4th quarter – the biggest price hike in history – as the AI-driven optical communications boom causes severe shortages, media report. One supplier reportedly said inventory is so tight that “even with cash, you might not get anything.” InP substrate prices have risen for three consecutive quarters and are heading into a fourth, while epi-wafers are entering their third consecutive increase. Valued for high-frequency, high-speed data transmission, InP is a critical material as AI data centers shift from copper to optical interconnects (optics in, copper out.) $AXTI $SMTOF #SumitomoElectric# 5802 $LITE $COHR $AAOI