U.S. inflation data in August was slightly higher than market expectations. CPI There was a 0.4% month-on-month increase, and the core CPI month-on-month increase also exceeded forecasts, indicating that the pace of inflation decline is not stable.

Inflation data higher than expected

In August, CPI rose 0.396% month-on-month, which is approximately 0.4%, slightly higher than the market's forecast of 0.39%. The core CPI also rose 0.290% month-on-month, significantly exceeding the predicted 0.22% and also surpassing the 0.215% rate from July.

Year-on-year growth rate continues to slow down

On a year-on-year basis, CPI has increased by 3.397%. The core CPI has decreased from 2.478% in July to 2.446%, indicating that underlying inflationary pressures still exist, but the annual growth rate has slowed down.

Interest rate cut expectations under pressure

This set of data may make it more difficult for the Federal Reserve to cut interest rates quickly. Rising energy prices, coupled with increasing geopolitical risks, also make it harder to assess inflation prospects.