Latest CPI Data Says Services Inflation Is Still Riling!

Digital Finance Analytics (DFA) Blog

Sep 12 2024 | 00:22:42

00:00 / 00:22:42

Show Notes

On Wednesday the BLS released the latest US inflation data and top line, it appears the post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low. However, while the spike in goods, food and energy prices is over, services inflation remains uncomfortably high. Core prices rose 3.2% in August from a year ago, the same as in July. And on a month-to-month basis, core prices rose 0.3%, a slight pickup from July’s 0.2% increase. Core of course is closely watched by economists as it typically provides a better read of future inflation trends. […]

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