by Calculated Risk on 9/17/2010 08:30:00 AM

From the BLS report on the Consumer Price Index this morning:

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 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 increased 1.1 percent before seasonal adjustment.
...
The index for all items less food and energy was unchanged in August ... Over the last 12 months, the index for all items less food and energy rose 0.9 percent ...

The index for owners' equivalent rent was unchanged and the lodging away from home index fell 1.3 percent....

The general disinflationary trend continues - core CPI is up less than 1% over the last year - and with all the slack in the system (especially the 9.6% unemployment rate), the various measures of inflation will probably stay low or even fall further.

Note: I'll post a graph later after the Cleveland Fed releases the 16% trimmed CPI (another measure of inflation).