US Consumer Prices Rise Moderately in August

MACROECONOMICS - WASHINGTON. U.S. consumer prices rose marginally in August, but underlying inflation showed some stickiness, which could discourage the Federal Reserve from delivering a half-point interest rate cut next week.

The consumer price index increased 0.2% last month after climbing 0.2% in July, the Labor Department's Bureau of Labor Statistics said on Wednesday. In the 12 months through August, the CPI advanced 2.5%. That was the smallest year-on-year rise since February 2021 and followed a 2.9% increase in July.

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