FX.co ★ U.S. Core CPI Rises to 0.3% in August, Exceeding Previous Month’s Growth

On September 11, 2024, the U.S. Bureau of Labor Statistics released the latest data on the Core Consumer Price Index (CPI), revealing a month-over-month increase of 0.3% in August. This marks a slight rise from the previous month's increment of 0.2% recorded in July.

The Core CPI, which excludes volatile food and energy prices, is a crucial indicator of underlying inflation trends. The data shows a moderate uptick, suggesting that underlying inflation pressures might be intensifying slightly. This latest change comes at a critical juncture as the Federal Reserve continues to evaluate its monetary policies.

Investors and policymakers will be closely monitoring this trend, as continued growth in the Core CPI may influence future decisions regarding interest rate adjustments aimed at controlling inflation without hindering economic growth.