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published in Blogs
Sep 13, 2022
Inflation rate slows, as energy prices cool off

Inflation rate slows, as energy prices cool off

U.S. inflation slowed again last month, even as core consumer price index accelerated.

The headline consumer price index (CPI) in August rose +8.3% year-over-year, compared to +8.5% in July. The figure, however, exceeded the Street consensus forecast of 8.1%.

While the energy price fell -5% from the year-ago period, food price inflation came in at +11.4% y/y (the fastest pace since April 1979).

The core inflation gauge, which excludes volatile components such as food and energy prices, climbed +6.3% year-over-year, beating the Street forecasts.

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