Data issued moments ago by the Bureau of Labor Statistics in the United States of America showed that the Consumer Price Index (CPI), which measures inflation, rose by 0.6% in August, after a rise of 0.2% in July, which was in line with expectations, while the core index, excluding food and energy prices, came in at 0.3% compared to With July’s reading of 0.2%, while expectations were for growth of 0.2%.
On the other hand, the annual index rose over the past 12 months to 3.7% from 3.2% in July, while expectations were for a rise of 3.6%. The annual core index, excluding food and energy prices, slowed to 4.3% on an annual basis in August from 4.7%.
In the details of the index, the food index recorded a growth of 3.7% on an annual basis, while the energy index decreased at an annual rate of 3.6%.
16/05/2024
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