WASHINGTON: Consumer inflation in the United States rose for a second straight month in August, the government reported on Wednesday (Sept 13), puttin...
The core inflation rate – removing the volatile food and energy components – cooled to 4.3% on an annual basis. – AFPpicConsumer inflation in the United States rose for a second straight month in August, the government reported on Wednesday , putting the heat on policymakers as they work to lower prices.
In August, higher petrol costs bumped up headline inflation but the so-called core reading – removing the volatile food and energy components – cooled to 4.3% on an annual basis.“Today’s report provides more evidence that core inflation is trending down towards pre-pandemic levels at a time when employment remains strong,” said President Joe Biden in a statement.
The department added that the shelter index, which takes into account rent, continued advancing – rising for a 40th consecutive month.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Brazil inflation accelerated in AugustRIO DE JANEIRO: Annual inflation in Brazil rose for the second straight month in August, to 4.61 percent, officials said Tuesday, after the central ba...
Read more »
S&P 500, Nasdaq end higher as CPI data cements bets for Fed pauseNEW YORK: The S&P 500 and Nasdaq ended higher on Wednesday (Sept 13) after data showing a moderate increase in consumer prices in August cemented expe...
Read more »
Ringgit ends lower against dollar ahead of US CPI data releaseKUALA LUMPUR, Sept 12 — The ringgit closed lower against the US dollar in a quiet market tone on better demand for the greenback ahead of the United States (US) Consumer Price...
Read more »
We should be united, not divided on Malaysia Day, says MPSim Tze Tzin says further political gatherings or protests will negatively impact foreign investment.
Read more »
Always remember past leaders that united us as Malaysia: ChristinaKota Kinabalu: People in the country especially the younger generation must always remember the contributions and roles played by past leaders that united the people from Sabah, Sarawak and the peninsula as one country, Malaysia.
Read more »
Putin calls Trump’s legal cases ‘politically motivated persecution’Relations between Washington and Moscow have hit new lows since the Kremlin’s Ukraine invasion.
Read more »