By Tom Burnett CFA
On September 11, 2024, the Bureau of Labor Statistics issued its August Consumer Price Index report. The CPI rose 0.2% in August, the same increase as in July. Over the past 12 months, the CPI rose 2.5%, the smallest 12-month increase since February 2021.
The Core Index, excluding food and energy, rose 0.3% in August, after rising 0.2% in July. Over the past year, the Core Index rose 3.2%. The Energy Index fell by 4.0% in the past year, while the Food Index rose by 2.1% during that period.
The next CPI Report will be issued on October 10, 2024.
Tom Burnett CFA is Director of Research