CPI Highlights: Consumer Prices Rise 0.2% in August, with Core Inflation Increasing 0.3%
Wednesday, 11 September 2024, 05:47
CPI Overview
The U.S. consumer-price index (CPI) increased by 0.2% in August, precisely matching Wall Street's predictions.
Core CPI Trends
In a notable shift, core CPI, which excludes volatile food and energy prices, jumped 0.3% in August—a figure exceeding the expected 0.2%. This marks the largest rise in the metric in five months.
Annual CPI Changes
- The annual increase in CPI has slowed to 2.5%, down from 2.9%, representing the lowest reading since early 2021.
- Core CPI's year-over-year rise remains steady at 3.2% for August.
For a deeper analysis of these trends and their implications for the economy, visit our main site.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.