The consumer price index 0.4% rose Last month, after increasing 0.2% in July, the Office of Labor Statistics (BLS) of the Department of Labor reported Thursday. In the 12 months passed Until August, the CPI advanced 2.9%, the greatest increase since Januaryafter climbing 2.7% in July.
Economists surveyed by Reuters had predicted that consumer prices would rise 0.3% and increase 2.9% in interannual terms.
The IPC report could enliven the fears of stagning after the recent news about the weakness of the labor market.
The impact of generalized tariffs of the president of the United States, Donald Trump, has been gradual, but prices could accelerate in the coming months, since companies have exhausted their inventories prior to taxes. Business surveys have been pointing out imminent price increases.
“The evidence is overwhelming that more inflation related to tariffs is coming, although they can still spend several months before it is fully transmitted,” said Stephen Stanley, chief economist of Santander Us Capital Markets.
Excluding the volatile food and energy components, the CPI rose 0.3%, after moving 0.3% in July. In the 12 months elapsed until August, the so -called underlying inflation of the CPI increased 3.1%. In July, the interannual increase was 3.1%.
The market expects the US Central Bank, which follows the expense price rates in personal consumption (PCE) to achieve its 2%inflation target, cut the rates at its monetary policy meeting next Wednesday. A reduction of a percentage quarter quarter has already been discounted.
The Federal Reserve stopped its relaxation cycle in January due to uncertainty on the inflationary impact of import rights.
Before knowing the CPI data, economists estimated that the underlying inflation of the PCE increased 0.3% in August for the third consecutive month, which would result in an annual increase of 3.1%. This would mean an acceleration with respect to the 2.9% increase recorded in July.
