Market news
14.09.2021, 12:43

U.S. consumer prices increase less than expected in August

The Labor Department announced on Tuesday the U.S. consumer price index (CPI) rose 0.3 percent m-o-m in August, following an unrevised 0.5 percent m-o-m gain in the previous month. This was the smallest one-month increase in headline CPI since January.

Over the last 12 months, the CPI climbed 5.3 percent y-o-y, decelerating from +5.4 percent y-o-y reported for the period ending in July. This represented the lowest reading in the last three months.

Economists had forecast the CPI to increase 0.4 percent m-o-m and 5.3 percent y-o-y in the 12-month period.

According to the report, the indexes for gasoline (+2.8 percent m-o-m), household furnishings and operations (+1.3 percent m-o-m), food (+0.4 percent m-o-m), and shelter (+0.2 percent m-o-m) all rose in August and contributed to the monthly all items seasonally adjusted gain.

Meanwhile, the core CPI excluding volatile food and fuel costs edged up 0.1 percent m-o-m in August after an unrevised 0.3 percent m-o-m advance in the previous month.

In the 12 months through August, the core CPI rose 4.0 percent compared to an unrevised 4.3 percent climb for the 12 months ending July. This was the smallest 12-month increase since May.

Economists had forecast the core CPI to increase 0.3 percent m-o-m and 4.2 percent y-o-y last month.

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location