US consumer inflation eased more than expected in August, hinting that the recent surge in pricing pressure may be cooling. But if this was a sign for commodities prices to ease, the market didn’t get the memo.
US consumer inflation’s one-year trend eased in August, marking a second month of lesser pricing pressure, the Bureau of Labor Statistics reports. But the pace of inflation remains elevated and a new run of analytics suggest that the pullback from the recent surge will be unfold slowly.
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* US Consumer Price Index rose less than expected in August: