INFLATION COOLED AGAIN IN AUGUST, CORE PRICES REMAIN HIGH

Key Points:

  • The Consumer Price Index (CPI) rose 0.2% in August, the same reading as July.
  • CPI increased 2.5% from a year ago, down from 2.9% in July and consensus of 2.6%.
  • The index for shelter rose 0.5%, the index for food rose 0.1%, and the energy index fell by 0.8%.
  • The index for food at home was unchanged over the month while the index for food away from home rose 0.3%.
  • The core CPI, which excludes food and energy, rose 0.3% in August and is up 3.2% from the previous year.
  • The energy index is down 4.0%, the food index is up 2.1%, and shelter is up 5.2% from the previous year.
  • The Right Facts will continue to monitor CPI.
Source