US Consumer Prices Up 3.4% Year-on-Year... Core CPI Rises 2.4%
The U.S. Consumer Price Index (CPI) for August rose by 3.4% compared to the same month last year.
On September 11 (local time), the U.S. Bureau of Labor Statistics announced that the August CPI increased by 3.4% year-on-year and by 0.4% month-on-month. Both figures met market expectations.
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The core CPI, which excludes the highly volatile energy and food sectors, rose by 2.4% compared to the previous year and by 0.3% compared to the previous month. The year-on-year figure matched expert forecasts, but the month-on-month rise was slightly higher than the projected 0.2%.
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