CPI increased by 5.3% in the same period last year.
U.S. consumer prices rose slightly slower in August as growing concerns about inflation remain on the agenda.
The Consumer Price Index (CPI) rose 5.3% in the same period last year, the Bureau of Labor Statistics revealed.
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This figure is slightly below the previous level of 5.4%, and is in line with economists’ expectations.
The “Core” CPI discounts more volatile items containing food and energy, but slowed down.
Many sectors that saw higher prices this year were sensitive to supply chain disruptions caused by the pandemic.
With inflation levels at multi-year highs, the July figures suggest that the rate of increase may be slowing, and inflation may be peaking or peaking. It suggests that there is.
However, others believe there are factors that can contribute to keeping annual inflation high.
“If there is any relationship between real-world and government data, we could see a significant rise in home prices and rent filters to CPI.”
