United States Inflation August 2021

United States

United States: Inflation eases slightly in August

September 14, 2021

Consumer prices rose a seasonally-adjusted 0.27% from the previous month in August, moderating from July's 0.47% increase. August's result marked the weakest reading since January. The cooling of price pressures was largely driven by slower growth in prices for housing. In addition, price pressures for transportation declined at a quicker pace. In addition, prices for medical care grew at a more subdued rate.

Inflation edged down to 5.3% in August, which followed July’s 5.4%. August's figure represented the lowest inflation rate since May. Annual average inflation rose to 3.0% in August (July: 2.7%). Finally, core inflation edged down to 4.0% in August, from the previous month's 4.2%.

FocusEconomics panelists see inflation averaging 2.9% in 2021, which is up 0.3 percentage points from last month’s forecast. In 2022, our panel expects inflation to average 2.2%.


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United States Inflation Chart

United States Inflation August 2021

Note: Year-on-year and month-on-month variation of seasonally-adjusted consumer price index in %.
Source: Bureau of Labor Statistics.

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