Investment Updates
Latest On Inflation, Consumer & Business-Owner Optimism
Published Friday, September 15, 2023 at: 7:41 PM EDT
The inflation rate, as measured by the Consumer Price Index, which excludes volatile energy prices, rose by 0.3%, slightly above expectations of 0.2% in August. Over the past three months, core CPI rose 2.4% at an annual rate. That’s down from 5% during the prior three-month period, and the lowest such rate since March 2021, when the Federal Reserve began a campaign of 12 interest rate hikes.
The Consumer Price Index (CPI) measures the change in prices paid by consumers for goods and services. Headline CPI, which includes energy expenses, was 0.6% in August and 3.7% in the 12 months through August, according to the latest release from the Bureau of Labor Statistics.
©2023 Advisor Products Inc. All Rights Reserved.
More articles
- Slower Growth But Economic Outlook Remains Bright
- Labor Market And Inflation Drove Stocks Higher
- Costlier Homes Expected To Appreciate 4% Annually For The Next Five Years
- Leading Economic Index Falls For 16th Straight Month
- Tax-Sensitive Investment Planning In 2023
- A Healthy Recipe For Growth Is Simmering
- Good News About The U.S. Economy
- The New Bull Market Has Broadened
- An Economy Goldilocks Would Definitely Live With
- Monthly Pace Of New-Job Creation Slowed In June, Which Is Good News
- Standard & Poor's 500 Gained 9.9% In Q2 2023
- This Week’s News For Investors
- This Week’s News For Investors Is Very Good
- Why The New Bull Market Theory Was In The News This Past Week
- Strong Jobs Report Caps A Week For The Record Books