U.S. Inflation Eases to 8.3%

The U.S. Bureau of Labor Statistics shared the Consumer Price Index report for August Tuesday, revealing that inflation had cooled to 8.3%. 

U.S. Inflation Cools

U.S. inflation has decreased for a second consecutive month. 

The Bureau of Labor Statistics published the latest Consumer Price Index report Tuesday, showing that the price of goods rose by 8.3% on a yearly basis in August. 

The 8.3% figure exceeded economists’ expectations of a cool-off to 8.1%. It marks a 20 basis point decline against July’s numbers. 

This story is breaking and will be updated as further details emerge.