August CPI Data Shows Inflation at 8.3%
September 14, 2022
August consumer prices rose 8.3% year over year, versus the 8.1% expected. This marks the second-straight moderation in prices from four-decade highs reached earlier this year. The latest gauge on inflation comes one week before Federal Reserve officials hold their next meeting. Market participants are largely anticipating policymakers will deliver a third consecutive 75-basis point interest rate hike. Kayla Bruun, Economic Analyst at Morning Consult, breaks down the inflation print and which data the Fed should use to indicate a deceleration in inflation.