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.

Follow live coverage and analysis of the August consumer price index reading, which the Bureau of Labor Statistics released earlier today.

Economists expect a 0.3% monthly increase for both the overall CPI and the core CPI, which excludes food and energy, according to Econoday. Headline inflation is seen rising to 2.9% from 2.7%, while the core CPI inflation rate is expected to hold at 3.1%.

The cost of living rose again in August at an accelerated pace, but probably not enough to discourage the Federal Reserve from reducing interest rates next week. The latest consumer price index could raise questions about how aggressively the Fed cuts rates,

Underlying US inflation rose as expected in August, keeping the Federal Reserve on track to cut interest rates next week.

Tariffs continued to push up prices and squeeze household budgets in August, if forecasters are right about this week's highly anticipated inflation report.

The August CPI came in higher than forecast on a monthly basis, but Wall Street still expects a rate cut at next week's Fed meeting.

WASHINGTON, DC, US — The Consumer Price Index for baked foods and cereal products fell 0.1% in August, according to the Bureau of Labor Statistics of the US Department of Labor. The index for all food at home,

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.