• Prior month 2.9%
• CPI MoM 0.2% versus 0.2% expected
• Month over Month unrounded 0.187%

Core measures:

• Core CPI YoY 3.2% vs 3.2% expected.
• Core CPI MoM 0.3% vs 0.2% expected
• Core unrounded 0.281%
• real weekly earnings +0.5% versus -0.2% last month
• shelter inflation rose by 0.5%
• food increase by 0.1% after rising 0.2% in July
• tHE index for food away from home rose 0.3% for the month with food at home was unchanged
• energy prices fell -0.8% versus unchanged last month.

Indexes which increased in August include

• Shelter, airline fares, motor vehicle
  insurance, education, and apparel.

The indexes which decreased in August included:

• Used cars and trucks, household furnishings and
  operations, medical care, communication, and recreation were among those that decreased over the month.

• Supercore inflation MoM x.x%
• Supercore YoY x..x%

helter inflation rose by 0.5% in August which was the main factor all the

Fed expectations after the release :

• 30 basis point cuts versus 32
• 108 basis points of cuts between now and the end of the year versus 114 prior to the report
• 15% chance of a 50 basis point cut in September down from 29% prior to the report

Looking at US stocks, the futures are implying:

• Dow industrial average -220 points
• S&P index -21.7 points
• NASDAQ index -60 points