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‘Fed Whisperer’: Core services inflation ex-housing rose 0.51% MoM in August, highest since January
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Nick Timiraos, a journalist known as the 'Fed whisperer' for his coverage of the Federal Reserve, reported on the August Consumer Price Index (CPI) data. According to Timiraos, core services inflation excluding housing rose 0.51% month-over-month, marking the highest monthly increase since January, and increased 3% year-over-year. Core goods inflation rose 0.11% month-over-month and 0.7% year-over-year. Housing inflation increased 0.26% month-over-month and 3% year-over-year. These figures provide a detailed breakdown of inflation components, with a notable acceleration in core services inflation excluding housing, which is a key metric watched by the Fed for underlying price pressures.
Source report
In the August Consumer Price Index (CPI) report, key inflation metrics showed mixed trends across core services, core goods, and housing.
Key Data Points
- Core services inflation (excluding housing): Rose 0.51% month-over-month, the highest level since January, and increased 3% year-over-year.
- Core goods inflation: Rose 0.11% month-over-month and 0.7% year-over-year.
- Housing inflation: Increased 0.26% month-over-month and 3% year-over-year.
Source: Nick Timiraos, known as the “Fed whisperer.”
Source
thsNeutral / independent