#macro #USA.
💥 The annual U.S. inflation rate fell for the second straight month to 8.3% in August 2022, the lowest level in 4 months, from 8.5% in July, but that's above market forecasts of 8.1%.
👉 The energy index rose 23.8%, up from 32.9% in July.
👉 Smaller increases were recorded for gasoline (25.6% vs. 44%) and fuel oil (68.8% vs. 75.6%), while inflation accelerated for natural gas (33% vs. 30.5%) and electricity (15.8%, the highest since August 1981).
👉 Inflation rose on food (11.4%, the highest since 1979), housing (6.2%, the highest since 1984) and used cars and trucks (7.8%).
👉 The core consumer price index, which excludes volatile energy and food prices, rose 6.3% year-over-year, the highest since March, and up markedly from the 5% level.
Source: U.S. Bureau of Labor Statistics.
💥 The annual U.S. inflation rate fell for the second straight month to 8.3% in August 2022, the lowest level in 4 months, from 8.5% in July, but that's above market forecasts of 8.1%.
👉 The energy index rose 23.8%, up from 32.9% in July.
👉 Smaller increases were recorded for gasoline (25.6% vs. 44%) and fuel oil (68.8% vs. 75.6%), while inflation accelerated for natural gas (33% vs. 30.5%) and electricity (15.8%, the highest since August 1981).
👉 Inflation rose on food (11.4%, the highest since 1979), housing (6.2%, the highest since 1984) and used cars and trucks (7.8%).
👉 The core consumer price index, which excludes volatile energy and food prices, rose 6.3% year-over-year, the highest since March, and up markedly from the 5% level.
Source: U.S. Bureau of Labor Statistics.