- Annual core CPI prints 2.4% in August to beat expectations.
- US Dollar Index clings to daily gains after the data.
According to the monthly data published by the US Bureau of Labor Statistics, inflation in August, as measured by the Consumer Price Index (CPI) ticked down to 1.7% from 1.8% on a yearly basis. However, the core CPI, which excludes volatile food and energy prices, rose to 2.4% annually from 2.3% and beat the market expectation of 2.2%.
On a monthly basis, the CPI and the core CPI increased 0.1% and 0.3%, respectively.
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