U.S. August CPI Up 2.5% Year-on-Year, in Line with Market Expectations
Publication Time:2024-09-11 20:37:06
According to the latest data, the U.S. Consumer Price Index (CPI) for August increased by 2.5% on a year-on-year basis, which matched market forecasts. For the fifth consecutive month since March, the U.S. CPI has declined, indicating that inflation pressure in the U.S. is easing. Specifically, the CPI rose by 0.2% month-on-month in August, remaining at the estimated level. This data reflects progress made by the U.S. economy in addressing high inflation challenges and provides new grounds for the Federal Reserve's decision-making.
Inflation rate
economic data
consumer price index
U.S. CPI