Soft US August CPI report eases concerns over September taper

14 September 2021

 

Summary: US CPI increases by 0.3% in August, less than 0.4% expected; “core” rate up 0.1%, less than 0.3% expected; “eases concerns” over accelerating prices, September taper “unlikely”; “many factors” suggesting inflation “unlikely to ease significantly”; “Energy commodities” main driver of headline rise. The annual rate of US inflation as measured by changes in the consumer price index (CPI) halved from nearly 3% in the period from July 2018 to...

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