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.
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where GOVT declined for three days, in of 295 cases, the price declined further within the following month. The odds of a continued downward trend are .
Category IntermediateGovernment