Core inflation accelerated in August

Headline inflation slowed in August, as measured by the Federal Reserve’s preferred gauge, but underlying price pressures strengthened last month, signaling that high inflation is becoming more entrenched in the economy. American economy.

Consumer prices rose 6.2% in August from a year earlier, compared to a revised 6.4% in July, as measured by the Commerce Department’s Personal Consumption Expenditures Price Index, which he released on Friday. June’s gain of 7%, revised up from 6.8%, marked the biggest 12-month gain since December 1981.


Wj

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