US: CPI for all items rises 0.4% in August as shelter and gasoline indexes increase

Eren Sengezer FXStreet

"The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in August on a seasonally adjusted basis," the U.S. Bureau of Labor Statistics announced on Thursday.

Key takeaways:

Over the last 12 months, the all items index rose 1.9 percent.
The energy index rose 2.8 percent in August as the gasoline index increased 6.3 percent.
The shelter index rose 0.5 percent in August with the rent index up 0.4 percent.
The food index rose slightly in August, with the index for food away from home increasing and the food at home index declining.
The index for all items less food and energy rose 0.2 percent in 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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