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August CPI +0.2% (unrounded +0.223%) vs by..>

US DATA
US DATA: August CPI +0.2% (unrounded +0.223%) vs +0.3% expected by 
analysts and +0.2% expected by markets, with energy prices +1.9% on 
gasoline +3.0% and food prices +0.1%. Ex-energy, overall CPI would have 
been +0.1%. 
- Core CPI +0.1% (+0.082% unrounded), vs +0.2% expected, with the large 
owners' equivalent rents category +0.3%, new vehicles flat, medical 
care -0.2%, and apparel -1.6%, while lodging away from home +0.6%.
- The y/y rate for headline CPI fell to +2.7% vs +2.9% in July, while 
the y/y rate for core CPI fell to +2.2% from +2.4%. 
- Overall, the data suggests mildly slower consumer inflation, both 
overall and core, so the data should allow the FOMC to maintain 
its gradual rate hike path. 

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