Broad Rebound in Consumer Prices But Still Benign Year-Over-Year

by Mike ‘Mish’ Shedlock
The Street

Prices rallied for the second month but year-over-year prices are still benign.

CPI Up 0.4% in August

The Consumer Price Index for August increased 0.4 percent in August on a seasonally adjusted basis after rising 0.6 percent in July.

Key Points

– The monthly increase in the seasonally adjusted all items index was broad-based; a sharp rise in the used cars and trucks index was the largest factor, but the indexes for gasoline, shelter, recreation, and household furnishings and operations also contributed.

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