US: Annual core-CPI declines to 2.2% in August vs 2.4% expected

Eren Sengezer FXStreet

"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.

Key takeaways from the press release

Over the last 12 months, the all items index rose 2.7 percent before seasonal adjustment.
The energy index increased 1.9 percent in August; a 3.0-percent increase in the gasoline index was the largest factor.
The index for all items less food and energy rose 0.1 percent in August.
The all items index rose 2.7 percent for the 12 months ending August, a smaller increase than the 2.9 percent increase for the 12 months ending July.
The index for all items less food and energy rose 2.2 percent for the 12 months ending August.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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