In August, consumer prices increased a seasonally adjusted 0.4% over July. The reading came in a notch below the previous month's 0.5% price rise but overshot market expectations that had prices adding only 0.2%. Higher energy costs continued to be the main driver behind the monthly increase by increasing 1.2%, which came on top of a robust 2.8% increase in July. Higher prices for food, as well as for clothing, also contributed significantly to the monthly price increase. Owing to the robust monthly print, annual headline inflation accelerated from 3.6% in July to 3.8% in August, which represents the highest level since September 2008. Meanwhile, the closely monitored core inflation index, which excludes food and energy rose 0.2% over July, driving annual core inflation up to 2.0%. The Fed anticipates PCE inflation (based on the price index for personal consumption expenditures) to average between 2.1% and 2.8% in 2011 and between 1.2% and 2.0% in 2012.
United States Inflation
Inflation rises to highest level in nearly three years
September 15, 2011
Looking for forecasts related to Inflation in United States? Download a sample report now.
United States Economic News
United States: Clinton’s lead over Trump widens but presidential election results are still uncertain
October 20, 2016
Only a few weeks ahead of the 8 November presidential elections, major polls suggest that Hillary Clinton has extended her lead over Donald Trump, but the presidential race will be decided in the most fiercely contested states.
October 14, 2016
In September, nominal retail sales expanded 0.6% over the previous month.
October 7, 2016
Non-farm payrolls grew 156,000 in September, which came in below August’s upwardly-revised increase of 167,000 (previously reported: +151,000).
October 3, 2016
The ISM manufacturing index increased more than expected in September and returned to expansionary territory, after a temporary setback in August.
September 27, 2016
The S&P/Case-Shiller 20-city home composite index rose 0.6% in July over the previous month.