The numbers: The cost of living XXX .
The consumer price index X% last month, the government said Tuesday.
The increase X forecasts. Economists polled by The Wall Street Journal had estimated a 0.4% advance.
The rate of inflation in the 12 months ended in August X from 5.4%. Aside from a brief oil-driven spike in 2008, prices have risen at the fastest pace in almost X years.
Another closely watched measure of inflation that omits volatile food and energy X% in August. The 12-month rate X to X from a 29-year high of X%.
This core rate is closely followed by economists as a more accurate measure of underlying inflation.
The Federal Reserve
The central bank has repeatedly referred to the sharp increase in prices as “transitory” and predicted inflation would taper off toward its 2% target by next year, using its preferred PCE price barometer.
So far most investors have been
Key details: The cost of used vehicles X% in August XXX.
The cost of gasoline X% last month and was another big contributor to inflation. Gas prices are up X% in the past year.
Food prices , severe weather damage
The cost of two other major consumer expenses, shelter and medical care,