Home » US inflation grows less than expected, monthly growth data from core to lowest since February

US inflation grows less than expected, monthly growth data from core to lowest since February

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US inflation measured by the consumer price index rose by 5.3% in August, as expected, and slightly slower than the previous + 5.4%. On a monthly basis, the figure grew by 0.3%, less than the + 0.4% estimated and slowing compared to + 0.5% in July. However, real wages rose 0.3% on a weekly basis, more than the expected 0.1% decline.

Excluding the more volatile components represented by the prices of energy and food goods, the consumer price index rose by 4% on an annual basis, less than the + 4.2% expected and also less than the + 4.3% in July. On a monthly level, the core figure rose by 0.1%, less than the + 0.3% estimated, after the + 0.3% in July and at its lowest since last February.

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