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Tuesday, November 26, 2024
HomeNewsEconomyConsumer Price Index (CPI): Inflation Rises More than Expected in August

Consumer Price Index (CPI): Inflation Rises More than Expected in August

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(Photo: REUTERS)

The Consumer Price Index (CPI), the Labor Department’s gauge of inflation at the consumer level, increased in August to 0.2%, higher than the 0.1% forecast. Excluding the volatile food and energy components, prices were 0.3% higher, compared to expectations for a 0.2% gain

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PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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