United States: Inflation stable in August
September 16, 2015
In August, consumer prices dropped 0.1% over the previous month in seasonally-adjusted terms, which contrasted the 0.1% increase seen in July and marked a seven-month high. The print fell short of market expectations of a flat reading and was mainly driven by lower prices for energy and vehicles.
Inflation came in at 0.2% in August, thus matching July’s result and remaining at the highest level in eight months. Core consumer prices, which exclude food and energy prices, increased 0.1% in August, which also matched the previous month’s reading. The figure matched met expectations. Annual average core inflation inched down from 0.6% in July to 0.5% in August, which marked the lowest reading since March 2010.
Author: Carl Kelly, Economist