Updated: 11-Sep-25 09:28 ET
| August CPI |
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| Updated: 11-Sep-25 09:28 ET |
Highlights
- Total CPI was up 0.4% month-over-month in August (Briefing.com consensus 0.3%) following a 0.3% increase in July. Core CPI, which excludes food and energy, was up 0.3%, as expected, following a 0.3% increase in July.
- On a year-over-year basis, total CPI was up 2.9%, versus 2.7% in July, while core CPI was up 3.1%, unchanged versus July and still well above the Fed's 2.0% inflation target (specifically for PCE inflation).
Key Factors
- The food index was up 0.5% month-over-month and was up 3.2% year-over-year.
- The energy index was up 0.7% month-over-month and was up 0.2% year-over-year.
- The shelter index increased 0.4% month-over-month and was up 3.6% year-over-year.
- The services index was up 3.8% year-over-year (services less rent of shelter was up 4.0% year-over-year).
- The all items index less food, shelter, and energy was up 2.7% year-over-year.
Big Picture
- The key takeaway from the report (for Main Street) is that food prices were starkly elevated in August (+0.5%), as were shelter (+0.4%), apparel (+0.5%), transportation services (+1.0%), and gasoline (+1.9%) prices.
| Category | AUG | JUL | JUN | MAY | APR |
| All Items | 0.4% | 0.2% | 0.3% | 0.1% | 0.2% |
| Food and Beverages | 0.5% | 0.0% | 0.3% | 0.3% | -0.1% |
| Housing | 0.4% | 0.2% | 0.3% | 0.3% | 0.5% |
| Equivalent Rent | 0.4% | 0.3% | 0.3% | 0.3% | 0.4% |
| Apparel | 0.5% | 0.1% | 0.4% | -0.4% | -0.2% |
| Transportation | 0.9% | 0.0% | 0.1% | -0.7% | 0.0% |
| Vehicles | 0.4% | 0.1% | -0.4% | -0.3% | 0.0% |
| Motor Fuel | 1.9% | -2.2% | 1.0% | -2.6% | -0.1% |
| Medical Care | -0.2% | 0.7% | 0.5% | 0.3% | 0.5% |
| Educ and Commun | 0.0% | 0.0% | 0.1% | 0.1% | -0.1% |
| Special Indices | |||||
| Core | 0.3% | 0.3% | 0.2% | 0.1% | 0.2% |
| Energy | 0.7% | -1.1% | 0.9% | -1.0% | 0.7% |
| Services | 0.3% | 0.3% | 0.3% | 0.2% | 0.4% |
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