US: Despite Upside Surprise, Core Inflation Continues to Trend Favorably

<p>The Consumer Price Index (CPI) rose 0.6% month-on-month (m/m) in August, in line with the consensus forecast. On a 12-month basis, CPI inched 0.4 percentage points (pp) higher to 3.7% . Energy prices (+5.6% m/m) were a big factor driving last month’s acceleration, with prices rising at its fastest pace since June 2022. Meanwhile, food prices […]</p>
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