The Core Consumer Price Index (CPI) in the United States remained unchanged at 3.2% for August 2024, matching the rate observed in July 2024, according to the latest data released on September 11, 2024. This consistency comes as a surprise amidst a forecasted climate of slight inflationary pressure.
The year-over-year comparison indicates that the inflation measure, which excludes the volatile food and energy sectors, has remained steady. As of August 2024, there has been no movement from the 3.2% rate recorded in July 2024, suggesting that underlying inflation pressures have not intensified over the past month.
Market analysts are closely watching these figures, particularly as they reflect broader economic stability. The unchanged Core CPI indicates that any potential shifts in the cost of living, apart from food and energy, are holding steady for now. This could influence future policy decisions from the Federal Reserve, especially concerning interest rates and inflation control measures.
