SHANGHAI, Sept. 15 (SMM) – US CPI growth accelerated in August and beat forecast, and this means there is a better chance for the US to tighten monetary policy later this year.
CPI was up 0.4% month-on-month in August, versus 0.3% expected and 0.1% in July. CPI was up 1.9% year-on-year in August, versus 1.8% expected and 1.7% in July.
Core CPI rose 0.2% month-on-month in August, versus 0.2% expected and 0.1% in July. Core CPI rose 1.7% year-on-year in August, versus 1.6% expected and 1.7% in July.
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