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Friday, September 17, 2021 12:17:55 AM EDT



CPI
Briefing.com Updated 14-Sep-21 09:22AM ET
Total CPI increased 0.3% month-over-month (Briefing.com consensus +0.4%) while core CPI, which excludes food and energy, was up a tame 0.1% (Briefing.com consensus +0.3%). That left total CPI up 5.3% year-over-year, versus 5.4% in July, and core CPI up 4.0% versus 4.3% in July.

The food index was up 0.4% month-over-month.

The energy index increased 2.0% month-over-month, driven by a 2.8% increase in the gasoline index.

The index for used cars and trucks prices declined 1.5% month-over-month.

The transportation services index dropped 2.3% month-over-month, led by a 9.1% month-over-month decline in airline fares.

The shelter index was up 0.2%, with the owners' equivalent rent of residences index up 0.3%.

The key takeaway from the report is that the better-than-feared numbers have tempered some of the angst about rising inflation pressures and will presumably provide the Fed some cover to wait and watch the data a little longer before making any formal tapering announcement.
 
AUGJULJUNMAYAPR
All Items0.3%0.5%0.9%0.6%0.8%
Food and Beverages0.4%0.7%0.8%0.4%0.4%
Housing0.4%0.4%0.4%0.4%0.5%
Equivalent Rent0.3%0.3%0.3%0.3%0.2%
Apparel0.4%0.0%0.7%1.2%0.3%
Transportation-0.1%0.6%3.6%2.1%2.5%
Vehicles-0.3%0.6%5.6%4.0%4.6%
Motor Fuel2.8%2.4%2.5%-0.7%-1.4%
Medical Care0.2%0.3%-0.1%-0.1%0.1%
Educ and Commun0.2%0.2%0.1%0.3%0.3%
Special Indices
Core0.1%0.3%0.9%0.7%0.9%
Energy2.0%1.6%1.5%0.0%-0.1%
Services0.1%0.3%0.4%0.4%0.6%