As prices increase and gross domestic product declines, many people worry about a potential economic downturn, also known as a recession.
Consumer prices rose 8.3% from a year earlier in August while core prices, which exclude volatile food and energy items, climbed 6.3% annually, according to the Labor Department's consumer price index.
Meanwhile, GDP, or the value of all goods and services produced in the U.S., dropped at an annual rate of 1.6% in the first three months of the year and 0.6% in the second three.
Olivia Munson & Paul Davidson | USA TODAY