US inflation eases in August for second straight month, but still high

The US Bureau of Labor Statistics says the consumer price index in August rose 8.3 percent from a year earlier.

The rise was smaller than the previous month's 8.5 percent for the second straight months of easing.

But inflation still remains at a record high level.

The Federal Reserve is expected to keep raising its key interest rate at its policy meeting later this month in an attempt to curb inflation.