US Annual CPI Inflation Edges Lower in August

The US inflation data was released moments ago, and the markets waited for this data strongly to determine whether the inflation rate is exacerbating or is still under control, and these data are currently used to pressure the US Federal Reserve to announce the start of tightening its monetary policy and announce a timetable to reduce its asset purchases which is estimated at $120 billion per month.

Inflation in the US, as measured by the Consumer Price Index (CPI), edged lower to 5.3% on a yearly basis in August from 5.4% in July, the data published by the US Bureau of Labor Statistics revealed on Tuesday. This reading matched the market expectation. On a monthly basis, the CPI arrived at 0.3%.