The U.S. consumer price index (CPI) rose 3.4% in August compared to the same month last year, with a monthly increase of 0.4%.
The U.S. Bureau of Labor Statistics reported on September 11 that the CPI for August increased by 3.4% year-over-year.
The monthly increase of 0.4% met market expectations for both year-over-year and month-over-month comparisons.
Excluding the volatile categories of food and energy, the core CPI rose 2.4% from a year earlier and 0.3% from the previous month.
While the year-over-year increase in core CPI matched market expectations, the monthly rise slightly exceeded the forecast of 0.2%.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.