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The U.S. Labor Department released consumer price inflation data on Wednesday. The U.S. consumer price inflation fell 0.1% in August, missing expectations for a flat reading, after a 0.1% gain in July.
The decrease was partly driven by lower gasoline prices. Gasoline prices dropped 4.1% in August. It was the biggest decline since January.
Food prices increased 0.2% in August.
On a yearly basis, the U.S. consumer price index remained unchanged at 0.2% in August, in line with expectations.
The U.S. consumer price inflation excluding food and energy gained 0.1% in August, in line with expectations, after a 0.1% increase in July.
On a yearly basis, the U.S. consumer price index excluding food and energy remained unchanged at 1.8% in August, missing expectations for a rise to 1.9%.
The inflation remains low due to a weak wage growth and a stronger U.S. dollar.
These inflation data is no help to understand if the Fed starts raising its interest rates this month.
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