Consumer price inflation increased by 0.1% month-on-month (m/m) in August, following July’s flat reading. On a year-over-year (y/y) basis, headline inflation decelerated by 0.2 percentage points (pp) from July, slowing to 8.3%. Energy prices fell by 5.0% m/m, as gasoline prices declined by a meaningful -10.6% m/m, while energy services rose 2.1% m/m. Food prices […]

The post US: Inflation Surprises to the Upside in August, Making a Clear Case for Another 75 bps Rate Hike     appeared first on Action Forex.