Goods prices, excluding food and energy commodities, accelerated. That reflected increases in new and used cars, apparel and appliances. Within services, airfares surged the most in over three years. Several household expenses also picked up, including groceries, gasoline, electricity and car repairs.
Underlying US inflation rose as expected in August, keeping the Federal Reserve on track to cut interest rates next week.
The core consumer price index, excluding the often volatile food and energy categories, increased 0.3% from July, according to Bureau of Labor Statistics data out Thursday. When incorporating those components, the overall CPI rose 0.4%, the most since the start of the year.
