Consumer prices increased by a sizeable 0.6% m/m in August, largely thanks to a 9.0% m/m rebound in gasoline prices. Nevertheless, even after that big monthly gain, the annual rate of inflation only ticked up to 1.7%, from 1.4%, leaving it still comfortably below the Fed's 2% target.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.