U.S. inflation increased 0.4% in August on a seasonally adjusted basis, again surpassing consensus estimates and proving once more that inflation is a factor to be considered in investment strategies.
The 0.4% increase in the Consumer Price Index for All Urban Consumers followed a 0.6% increase in July, the Bureau of Labor Statistics reported. Over the last 12 months, inflation increased 1.3%. Core inflation, which strips out food an energy, also rose faster than the consensus estimates: 0.4% for the month and 1.7% over the last 12 months.
Over the last three months, from June