US Consumer Price Index showed steady growth in August

The U.S. Bureau of Labor Statistics reported that the seasonally adjusted Consumer Price Index for Urban Consumers (CPI-U) rose 0.2 percent in August, similar to the increase in July. Over the past 12 months, the index for all items excluding seasonal adjustments increased 2.5 percent. August’s rise was driven primarily by a 0.5 percent increase in the accommodation index. The food index rose 0.1 percent, compared with 0.2 percent in July. The price of food outside the home increased 0.3 percent, while the price of food at home was unchanged.