Thursday, September 13, 2018

BLS: CPI increased 0.2% in August, Core CPI increased 0.1%

by Bill McBride on 9/13/2018 08:39:00 AM

From the BLS:

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in August on a seasonally adjusted basis, the same increase as in July, the U.S. Bureau of Labor Statistics reported today. ...
...
The index for all items less food and energy rose 0.1 percent in August, the smallest monthly increase since April. … The all items index rose 2.7 percent for the 12 months ending August, a smaller increase than the 2.9 percent increase for the 12 months ending July. The index for all items less food and energy rose 2.2 percent for the 12 months ending August and the energy index increased 10.2 percent; these were both smaller increases than for the 12 months ending July.
emphasis added
I'll post a graph later today after the Cleveland Fed releases the median and trimmed-mean CPI. This was a smaller increase than the consensus forecast.