The Consumer Price Index increased month over month in August by 0.2% on a seasonally adjusted basis, meeting the median forecast collected by Dow Jones.
However, non-seasonally adjusted year-over-year inflation was 2.5% rather than the expected 2.6% — a positive surprise. The Bureau of Labor Statistics said this was the smallest 12-month increase since February 2021.
Core inflation, which excludes energy and food, rose 0.3% in August versus a projected 0.2%. Year-over-year core inflation was 3.2%, which was expected. The energy index was down by 4.0% while food increased by 2.1%.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
