U.S. August CPI rises 3.4% y/y, inside WSJ range
U.S. CPI increased 3.4% in August from a year earlier, unchanged from July and within a range of historical forecasts cited by WSJ.
S. 4% in August from a year earlier, matching July's increase and landing within a range of historical forecasts for the indicator. CPI is widely watched as a key inflation gauge used by the Federal Reserve in making interest-rate decisions under its dual mandate.