Consumer Prices Rose 0.4% in August
Washington, DC, September 11, 2020-The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4% in August on a seasonally adjusted basis after rising 0.6% in July, the U.S. Bureau of Labor Statistics reported.
Over the last 12 months, the all items index increased 1.3% before seasonal adjustment.
The monthly increase in the seasonally adjusted all items index was broad-based; a sharp rise in the used cars and trucks index was the largest factor, but the indexes for gasoline, shelter, recreation, and household furnishings and operations also contributed. The energy index rose 0.9% in August as the gasoline index rose 2.0%. The food index rose 0.1% in August after falling in July; an increase in the food away from home index more than offset a slight decline in the food at home index.