Consumer prices rose at annual rate of 2.9% in August, as weekly jobless claims jump [View all]
Last edited Thu Sep 11, 2025, 08:15 AM - Edit history (1)
Source: CNBC
Published Thu, Sep 11 2025 8:33 AM EDT Updated 7 Min Ago
Prices consumers pay for a variety of goods and services moved higher than expected in August while jobless claims accelerated, providing challenging economic signals for the Federal Reserve before its meeting next week.
The consumer price index posted a seasonally adjusted 0.4% increase for the month, double the prior month, putting the annual inflation rate at 2.9%, up 0.2 percentage point from the prior month and the highest reading since January. Economists surveyed by Dow Jones had been looking for respective readings of 0.3% and 2.9%.
For the vital core reading that excludes food and energy, the August gain was 0.3%, putting the 12-month figure at 3.1%, both as forecast. Fed officials consider core to be a better gauge of long-run trends. The central bank's inflation target is 2%.
On employment, the Labor Department reported a surprise increase in weekly unemployment compensation filings to a seasonally adjusted 263,000 for the week ending Sept. 6, higher than the 235,000 estimate and up 27,000 from the prior period.
Read more: https://www.cnbc.com/2025/09/11/consumer-prices-rose-at-annual-rate-of-2point9percent-in-august-as-weekly-jobless-claims-jump.html
From the source -
Link to tweet
@BLS_gov
CPI for all items rises 0.4% in August; shelter and food up https://bls.gov/news.release/cpi.nr0.htm
#CPI #BLSdata
Article updated.
Previous article -
Prices consumers pay for a variety of goods and services moved higher than expected in August while jobless claims accelerated, providing challenging economic signals for the Federal Reserve before its meeting next week.
The consumer price index posted a seasonally adjusted 0.4% increase for the month, double the prior month, putting the annual inflation rate at 2.9%. Economists surveyed by Dow Jones had been looking for respective readings of 0.3% and 2.9%.
For the vital core reading that excludes food and energy, the August gain was 0.3%, putting the 12-month figure at 3.1%, both as forecast. Fed officials consider core to be a better gauge of long-run trends.
On employment, the Labor Department reported a surprise increase in weekly unemployment compensation filings to a seasonally adjusted 263,000, higher than the 235,000 estimate and up 27,000 from the prior period.
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Original article -
The consumer price index was expected to increase 0.3% in August, according to the Dow Jones consensus estimate.
This is breaking news. Please refresh for updates.
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