U.S. Consumer Price Index rises 2.5% in August, matches expectations

The U.S. Department of Labor reported that the Consumer Price Index (CPI) in August increased by 2.5% compared to the same month last year, down from a 2.9% rise in July. This matched market expectations of a 2.5% increase. On a monthly basis, the CPI rose 0.2%, also in line with forecasts. The core CPI, which excludes food and energy prices, increased by 0.3% from the previous month, exceeding the expected 0.2% rise.