Consumer Price Index eases, but core inflation rises unexpectedly
|

Consumer Price Index eases, but core inflation rises unexpectedly

ByNews Polite

A gauge of underlying inflation rose unexpectedly last month, clouding hopes for an outsize rate cut from the Federal Reserve when it meets next week. The Consumer Price Index rose 2.5% in August from a year earlier and 0.2% from the previous month — in line with economists’ expectations, according…

Consumer prices — a key inflation gauge — hotter than expected in August
|

Consumer prices — a key inflation gauge — hotter than expected in August

ByNews Polite

A key inflation indicator showed higher-than-expected increases in core prices in August, adding more pressure on the Federal Reserve to act despite the risk of a deeper recession. Consumer prices increased by 6.2% in August compared to the same month one year ago, according to the Commerce Department’s Personal Consumption…