Inflation slides in August, beating expectations

By / / Gov & Politics / 1 minute of reading



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The consumer price index (CPI) advanced 0.2 percentage points in August, sliding to a 2.5-percent annual increase from a 2.9-percent increase in July.

The drop came in below expectations as prices cooled further than anticipated.

“Core” CPI, which removes the more volatile categories of food and energy, stayed even between July and August at a 3.2-percent annual increase.

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Avatar of Minnie Hanson
Minnie Hanson is a news writer at Simplym Press, where she covers politics, health, business, parenting, and finance. She also has a passion for writing about sports and the arts. Minnie has lived in New York her whole life and graduated from New York University with a degree in journalism. She loves to read, watch movies, and listen to music when she's not working—but she doesn't have a lot of time for hobbies these days.

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