US Consumer Prices Increase in August, Core Inflation Higher Than Forecast

The US Consumer Price Index (CPI) rose by 0.4% in August, following a 0.1% increase in July. Core CPI, excluding food and energy, also surpassed expectations with a 0.3% rise. This acceleration, coupled with Brent crude prices exceeding $100 per barrel due to the Iran conflict, is increasing pressure on the Federal Reserve to consider further monetary policy tightening at its next meeting.