US consumer prices rise more than expected
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Inflation accelerates in Aug., CPI shows
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The Consumer Price Index rose 0.4% M/M in August, topping the +0.3% consensus and accelerating from +0.2% in July, according to data released by the Bureau of Labor Statistics on Thursday.
CPI rose 0.4% month-over-month (MoM) in August, against the expected 0.3%. In August, Core CPI rose 3.1% YoY as per expectations. The figure rose 0.3% MoM as expected. The CPI data is the most common metric to measure inflation.
Tariffs continued to push up prices and squeeze household budgets in August, if forecasters are right about this week's highly anticipated inflation report.
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August CPI will be the most crucial data for stock-market investors this week. Here’s what to watch
Investors are looking ahead to an August consumer-price index report on Thursday that has the potential to curb the Federal Reserve’s enthusiasm for interest-rate cuts beyond September.
U.S. consumer prices increased by the most in seven months in August amid higher costs for housing and food, but a surge in first-time applications for unemployment aid last week kept the Federal Reserve on track to cut interest rates next Wednesday.
Consumer prices rose 2.9% in August compared to a year ago, marking an uptick in price increases as President Donald Trump's tariff policy intensified. ABC News' Alexis Christoforous reports.
Investors react to Wednesday's weaker-than-expected producer-price index for August as the S&P 500 and Nasdaq eke out small gains to finish at new records.