The U.S. Consumer Price Index (CPI) increased 0.4% in August, accelerating from the 0.1% rise in July, according to the Labor Department.
On a yearly basis, prices climbed 3.4%, remaining unchanged from July.
Core CPI, which excludes food and energy, rose 0.3% month-over-month and 2.4% year-over-year, compared with 0.2% and 2.5% respectively in July.
📊 The data shows headline inflation is picking up, while core inflation continues to cool slightly on an annual basis. Markets will be watching closely for what this means for the Fed’s next policy decision.
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