US inflation eased in August. But America's not out of the woods yet
CNN
Inflation took a breather in August, coming down from a 13-year high. Still, price increases remain uncomfortably high compared to before the pandemic.
Consumer prices rose 5.3% in the year ended in August, slightly less than the 5.4% increase in June and July, the Bureau of Labor Statistics said Tuesday. Stripping out more volatile items like food and energy, prices rose by 4%, also a smaller increase than in July. For the month of August alone, consumer prices rose 0.3% adjusted for seasonal swings. It was the second straight month in which the inflation rate fell slightly. Without food and energy, prices rose 0.1% for the month, the smallest increase since February.
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