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CPI inflation readingCNBC
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90% Informative
Consumer price index inflation is down from 2.9% in July and is the lowest since February 2021 .
Overall inflationary pressures are "dissipating," says Wells Fargo economist Sarah House .
Housing inflation remains a big impediment to overall inflation falling to the Fed 's target of around 2% .
The Federal Reserve is expected to start cutting interest rates next week .
Egg prices — which had surged in 2022 due to a historic outbreak of bird flu — are rising again following a reemergence of the deadly disease. They're up 28% from a year ago . Overall annual grocery inflation was less than 1% in August , down from an average 11.4% in 2022 , which was the highest since 1979 . Gasoline prices are also down about 10% over the past year ..
VR Score
95
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97
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