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US Consumer Price Index - August 2017
The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in August on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index rose 1.9 percent. Increases in the indexes for gasoline and shelter accounted for nearly all of the seasonally adjusted increase in the all items index. The energy index rose 2.8 percent in August as the gasoline index increased 6.3 percent. The shelter index rose 0.5 percent in August with the rent index up 0.4 percent. The food index rose slightly in August, with the index for food away from home ... (full story)
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U.S. Inflation Picks Up, Ending Five-Month Streak of Misses
Inflation may finally be getting back on track to reach the Federal Reserve's goal, as the U.S. cost of living accelerated following a weak stretch, Labor Department data showed Thursday. Consumer-price index increased 0.4% m/m (est. 0.3% gain) after 0.1% rise the prior month; rose 1.9% y/y (est. 1.8%) Excluding food and energy, so-called core CPI rose 0.2% m/m (matching est.) after rising 0.1%; up 1.7% y/y (est. 1.6%) after 1.7% advance Increase in core index driven by biggest gain in shelter since 2005; lodging category rose by a record, rebounding from a drop that dragged down inflation in the previous month Key ... (full story)