Will annual inflation be 2.9% or less in August?

The question asks about U.S. annual inflation in August 2026, but the provided articles are from 2025 and discuss UK inflation (2.9% in July 2025 due to an Iran war) and U.S. Fed policy concerns. Article Guardian inflation reports UK inflation at 2.9% in July 2025, which is not directly applicable to U.S. CPI for August 2026. Article Guardian New mentions a new Fed chair and bond market anxiety about inflation, suggesting persistent inflation risks. Article AP article indicates that many Fed officials see a need for higher rates if inflation stays high, implying current inflation is above target. However, these articles are about conditions in mid-2025, not August 2026. The resolution criteria specify U.S. CPI for the 12 months ending August 2026, which is over a year away. Given the time gap, current inflation trends may not persist. The articles suggest inflation is elevated (UK at 2.9%, U.S. Fed worried), but they do not provide a clear forecast for August 2026. Without direct evidence on future U.S. inflation, the probability of 2.9% or less is moderately low, as the articles hint at ongoing inflation pressures. I assign a probability of 0.35, leaning toward NO, but with uncertainty due to the distant horizon.