Highlights of the August US consumer price index
– Prior was 0.8% y/y
– Core CPI 2.3% vs 2.2% exp
– Prior core CPI +2.2% y/y
Month over month
– +0.2% vs +0.1%
Everything was one-tick higher than expected. That will put a bit of sprite into the steps of the Fed hawks, especially that core y/y number.
