Home > web3.0 > body text

US Core Inflation Rose More Than Anticipated in August, Intensifying Speculation About the Federal Reserve's Upcoming Interest Rate Decision

王林
Release: 2024-09-13 06:26:12
Original
344 people have browsed it

Data released by the Bureau of Labor Statistics showed the Core Consumer Price Index (CPI) increased by 0.3% month-over-month (MoM), higher than the 0.2% forecast by economists.

US Core Inflation Rose More Than Anticipated in August, Intensifying Speculation About the Federal Reserve's Upcoming Interest Rate Decision

Kenya’s inflation rate rose to 9.2% in August from 8.3% in July, driven by a rise in the cost of food and non-alcoholic beverages, the Kenya National Bureau of Statistics (KNBS) said on Wednesday.

The rate was above a median forecast of 8.8% in a Reuters poll of economists.

On a month-on-month basis, inflation was 0.6%, compared with 0.5% in July, the KNBS said.

Core inflation, which excludes food and energy costs, rose to 7.2% in August from 6.8% in July.

“The increase in the year-on-year inflation rate was mainly attributed to a rise in the prices of several food items, notably potatoes, tomatoes, onions, carrots, spinach, and sukuma wiki (collard greens),” KNBS said in a statement.

“Non-alcoholic beverages, such as milk, fresh juice, and soda, also contributed to the overall increase in inflation.”

Food and non-alcoholic beverages account for about a third of the inflation basket.

The government targets inflation of 7.5%, plus or minus 2.5 percentage points.

The central bank raised its benchmark lending rate by 50 basis points to 8.25% last month, saying inflation pressures remained elevated and that it expected to maintain a "measured" approach to monetary policy.

The above is the detailed content of US Core Inflation Rose More Than Anticipated in August, Intensifying Speculation About the Federal Reserve's Upcoming Interest Rate Decision. For more information, please follow other related articles on the PHP Chinese website!

source:php.cn
Statement of this Website
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
Popular Tutorials
More>
Latest Downloads
More>
Web Effects
Website Source Code
Website Materials
Front End Template
About us Disclaimer Sitemap
php.cn:Public welfare online PHP training,Help PHP learners grow quickly!