U.S. August CPI Holds at 3.4%, Core Inflation Falls to Lowest Since March 2021U.S. CPI rose 0.4%...

U.S. August CPI Holds at 3.4%, Core Inflation Falls to Lowest Since March 2021U.S. CPI rose 0.4% month-over-month in August, the largest increase in three months, while the annual inflation rate held at 3.4%, both in line with expectations. Gasoline prices jumped 3.9% and accounted for more than one-third of the monthly increase. Core CPI rose 0.3% on the month, also matching forecasts, while the annual core rate slowed to 2.4% from 2.5%, its lowest level since March 2021.

Source: Wu Blockchain