Hot US Aug CPI saw cementing shows
A girl retailer for groceries at El Progreso Market within the Mount Nice neighborhood of Washington, D.C., U.S., August 19, 2022.
REUTERS/Sarah Silbiger NEW YORK (Reuters) - Month-to-month U.S client costs unexpectedly rose in August as declining gasoline costs have been offset by features within the prices of leases and meals,
Giving cowl for the Federal Reserve to ship one other hefty rate of interest enhances subsequent Wednesday
Monthly US consumer prices rose unexpectedly in August as falling gasoline prices were offset by gains in rent and food costs,
Giving the Federal Reserve cover to deliver another massive interest rate hike next Wednesday.
The Consumer Price Index rose 0.1% last month after remaining unchanged in July, the Labor Department said on Tuesday.
Economists polled by Reuters had forecast a 0.1% drop in the CPI