Core Inflation Rose More Than Expected In August As Price Pressures Remain High

Prices increased 0.4% in August, an increase of 0.3 percentage points compared to July, the Bureau of Labor Statistics reported. (Credit: Getty Images)

Core inflation climbed more than expected last month, rising 0.3% in August, 0.1 percentage points more than forecasts. The annual rate clocked in at 2.4%, as the Dow Jones consensus expected.

The Bureau of Labor Statistics showed that the headline figure climbed 0.4% last month, in line with expectations. The year-on-year figure stood at 3.4%, also in line with expectations.