US August CPI +1.3% y/y vs +1.2% expected

Author: Adam Button | Category: News

Highlights of the August 2020 US consumer price index report

US August CPI
  • Prior was +1.0% y/y
  • CPI ex food and energy +1.7% y/y vs +1.6% expected
  • CPI +0.4% m/m vs +0.3% expected
  • Ex food and energy +0.4% m/m vs +0.2% expected
Wages:
  • Real avg hourly earnings y/y +3.3% vs +3.7% prior
  • Real avg weekly earnings yy+3.9%  vs +4.2% prior
Prices of used cars rose the most since 1969 as people abandon public transit. Prices were up 5.4% and were responsible for more than 40% of the gain in the core index.


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