US consumer prices rose in August from July – as petrol prices spiked but analysts said the risks of inflation in the economy remained low.
The Consumer Price Index rose 0.4% last month having been flat in July.
Meanwhile, separate data showed that the US current account, the broadest measure of foreign trade, shrank to its smallest deficit since the end of 2001.

It reached $98.8bn in the three months to June as US businesses and consumers bought fewer foreign-made goods.

US companies also saw export sales rises – good news for manufacturers who have suffered from both weaker domestic sales and falling exports, as recession hit consumers at home and abroad.