The core inflation rate slowed to 0.1 percent in August, its lowest rate since April. This brought the year-over-year inflation rate in the core index to 2.2 percent. A 1.9 percent jump in energy prices brought the overall rate to 0.2 percent in August and 2.7 percent over the last year.
Core Inflation Slows to 0.1 Percent in August
Inflation was well contained in almost all areas of the core except shelter. The core index excluding shelter actually fell by 0.1 percent in August. This index is up by just 1.3 percent over the last year and shows no evidence of any acceleration over the last five years.
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