Inflation Keeps Up the Pace in the US
US CPI inflation posted another decent increase in August
Skerdian Meta•Friday, September 11, 2020•1 min read
Inflation was weakening last year in the US, but it was still holding well, compared to Europe. Although, it fell into contraction from March to May, contracting by 1.3% during those months, but it started reversing in June, posting a 0.6% increase during June and July, while today’s report showed another decent increase for August. But, earnings cooled off in August, although they still remain high. Below is the inflation and earnings report for August:
Highlights of the August 2020 US consumer price index report
- August CPI YoY +1.3% vs +1.2% expected
- July CPI YoY was +1.0%
- Core CPI YoY, excluding food and energy +1.7% vs +1.6% expected
- CPI +0.4% MoM vs +0.3% expected
- Core CPI MoM at +0.4% vs +0.2% expected
Earnings Report
- Real average hourly earnings YoY +3.3% vs +3.7% prior
- Real average weekly earnings YoY +3.9% vs +4.2% prior
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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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