• U.S. consumer price inflation falls 0.1% in August

Market news

16 September 2015

U.S. consumer price inflation falls 0.1% in August

The U.S. Labor Department released consumer price inflation data on Wednesday. The U.S. consumer price inflation fell 0.1% in August, missing expectations for a flat reading, after a 0.1% gain in July.

The decrease was partly driven by lower gasoline prices. Gasoline prices dropped 4.1% in August. It was the biggest decline since January.

Food prices increased 0.2% in August.

On a yearly basis, the U.S. consumer price index remained unchanged at 0.2% in August, in line with expectations.

The U.S. consumer price inflation excluding food and energy gained 0.1% in August, in line with expectations, after a 0.1% increase in July.

On a yearly basis, the U.S. consumer price index excluding food and energy remained unchanged at 1.8% in August, missing expectations for a rise to 1.9%.

The inflation remains low due to a weak wage growth and a stronger U.S. dollar.

These inflation data is no help to understand if the Fed starts raising its interest rates this month.

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