09.13.2018
According to the Bureau of Labor Statistics the Consumer Price Index for all urban consumers (CPI-U) increased 0.2 percent in August of 2018 on a seasonally-adjusted basis. An increase in the index for shelter was the main contributor to the monthly increase.
Excluding the volatile food and energy categories prices increased by 0.1 percent in August. The indexes for used cars and trucks and airline fares increased in August while apparel medical care communication and personal care all declined.
After a build-up in inflation through much of the year consumer price pressures moderated in August; a positive sign for workers who have seen larger paychecks mostly eaten up by price increases. From a year earlier prices rose 2.7 percent a slowdown from the near 3 percent gain in the prior two months of June and July.. Core inflation rose 2.2 percent from a year earlier; also slightly slower than July’s annual gain.
The full press release can be found via the pdf below.
Next release is Thursday October 11 2018 for the September 2018 Consumer Price Index.
