- Prior month 2.9%
- CPI MoM 0.2% versus 0.2% expected
- Month over Month unrounded 0.187%
Core measures:
- Core CPI YoY 3.2% vs 3.2% expected.
- Core CPI MoM 0.3% vs 0.2% expected
- Core unrounded 0.281%
- real weekly earnings +0.5% versus -0.2% last month
- shelter inflation rose by 0.5%
- food increase by 0.1% after rising 0.2% in July
- tHE index for food away from home rose 0.3% for the month with food at home was unchanged
- energy prices fell -0.8% versus unchanged last month.
Indexes which increased in August include
- Shelter, airline fares, motor vehicle
insurance, education, and apparel.
The indexes which decreased in August included:
- Used cars and trucks, household furnishings and
operations, medical care, communication, and recreation were among those that decreased over the month.
- Supercore inflation MoM x.x%
- Supercore YoY x..x%
helter inflation rose by 0.5% in August which was the main factor all the
Fed expectations after the release :
- 30 basis point cuts versus 32
- 108 basis points of cuts between now and the end of the year versus 114 prior to the report
- 15% chance of a 50 basis point cut in September down from 29% prior to the report
Looking at US stocks, the futures are implying:
- Dow industrial average -220 points
- S&P index -21.7 points
- NASDAQ index -60 points
