- The Consumer Price Index (CPI) rose 0.1% in August after being unchanged in July.
- CPI increased 8.3% from a year ago, down from 8.5% in July.
- Consensus among economists was an 8.1% increase.
- The rate of price increases remained above 5% for the fifteenth straight month.
- The core CPI, which excludes food and energy, rose 0.6% in August and is up 6.3% from the previous year.
- The energy index is up 23.8% and the food index is up 11.4% from the previous year.
- The food index increase of 11.4% is the highest reading since May 1979.
- The Right Facts will continue to monitor CPI.