U.S. Consumer Price Index rose 3.4% in August, core inflation's monthly increase exceeded expectations

The U.S. Consumer Price Index (CPI) for August rose 3.4% from a year earlier, in line with market expectations. However, core prices excluding food and energy rose 0.3% from the previous month, beating estimates by 0.1 percentage point. According to the U.S. Department of Labor, the August CPI rose 0.4% from the previous month, an increase from July. It is analyzed that the rebound in gasoline prices from their recent decline helped push up overall prices. The annual increase in core CPI was recorded at 2.4%, lower than in July, but the higherthanexpected monthly increase could act as a burden on the Federal Reserve's interest rate decision. At the Federal Open Market Committee (FOMC) meeting to be held on the 15th and 16th, the easing trend in inflation and the possibility of renewed energy price increases are expected to be reviewed together.