The glass is half full view of this inflation report is that any of the last 3 months of core inflation have been the mildest such readings since September 2021
The glass-half-empty view is that August core CPI wasn't quite as low as the last two, and a touch above expectations.
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Core CPI inflation was a touch firmer than expected, with a 0.28% increase in August
That dropped the 12-month core inflation rate to 4.3% in Aug, down from 4.7% in July
Six-month annualized core CPI rate: 3.7%
Three-month annualized core CPI rate: 2.4%
The glass is half full view of this inflation report is that any of the last 3 months of core inflation have been the mildest such readings since September 2021
The glass-half-empty view is that August core CPI wasn't quite as low as the last two, and a touch above expectations.