The August Consumer Price Index (CPI) reached an annual rate of 3.4%, aligning perfectly with economist projections. Similarly, core inflation, which excludes volatile food and energy costs, decelerated to 2.4%, meeting market expectations for the period.
On a month-over-month basis, consumer prices advanced by 0.4%, marking the most significant monthly gain since May 2026. Following the release of these figures, Treasury yields moved upward as investors reacted to the latest inflationary pressures.