Wednesday, September 16, 2015

CPI decreased 0.1% in August

by Bill McBride on 9/16/2015 08:34:00 AM

From the BLS:

The Consumer Price Index for All Urban Consumers (CPI-U) decreased 0.1 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 0.2 percent before seasonal adjustment.

The gasoline index declined sharply in August and was the main cause of the seasonally adjusted all items decrease. ...

The index for all items less food and energy increased 0.1 percent in August, the same increase as in July. ... The 12-month change in the index for all items less food and energy also remained the same, at 1.8 percent for the 12 months ending August.
emphasis added
I'll post a graph later today after the Cleveland Fed releases the median and trimmed-mean CPI. This was at the consensus forecast of a 0.1% decrease for CPI, and below the forecast of a 0.2% increase in core CPI.