USA: inflation stable in August, core inflation rises slightly

(CercleFinance.com) - Retail prices in the United States rose in August at the same rate as in July, confirming the trend towards a deceleration of inflation in the country.


The consumer price index (CPI) rose by 0.2% last month, as in July, in line with economists' expectations.

Year-on-year, the increase was 2.5%, according to data published Thursday by the Labor Department, again in line with consensus forecasts.

Excluding food and energy ('core'), retail prices rose by 0.3%, after +0.2% in July, above the consensus estimate of 0.2%.

Also on this basis, inflation came out at 3.2% year-on-year in August, as expected by economists.

While this measure of inflation has eased significantly in recent months, it is still above the Federal Reserve's target of below 2%.

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