The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in August on a seasonally adjusted basis, the same increase as in July," the U.S. Bureau of Labor Statistics announced on Thursday.
US August CPI revealed a surprisingly soft core price rise, alongside the expected headline gain. Headline CPI rose 0.2% (rounded from 0.223%) with a 0.1% (0.082%) core consumer gain. The y/y increase of 2.7% in the headline index was down from 2.9% in July and June, and the 2.2% y/y core reading was down from 2.4% in July. Core gains reverted back to a softer path, with the average over the past six month at 0.16%.
