Free Trial

August CPI +0.4%; Core +0.4%

US DATA
MNI (Washington)
  • U.S. CPI rose 0.4% in August, above market expectations for a 0.3% gain though still slowing from July's stronger-than-expected 0.6% increase, according to figures published Friday by the Bureau of Labor Statistics.
  • Energy prices were up 0.9% in August, with gasoline prices up 2.0%.
  • Food prices rose 0.1% after a 0.4% decline in July. Food at home prices fell by 0.1% following a sharp 1.1% drop in July. Prices of food away from home rose 0.3%.
  • Excluding food and energy, CPI was up 0.4%. Used vehicle prices, which shot up by 5.4% in August, accounted for more than 40% of the increase in core CPI, the BLS said.
  • Owner's equivalent rent rose 0.1% in August. Airline fare were up 1.2% following a 5.4% increase in July.
MNI Washington Bureau | +1 202-371-2121 | brooke.migdon@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | brooke.migdon@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.