美国8月CPI同比上涨2.9%

Core Insights - The U.S. Consumer Price Index (CPI) rose by 2.9% year-on-year and 0.4% month-on-month in August [1] - The core CPI, excluding volatile food and energy prices, increased by 3.1% year-on-year and 0.3% month-on-month for the second consecutive month [1] - The inflation report is the last significant economic data before the Federal Reserve's monetary policy meeting on September 16-17, reinforcing expectations for an interest rate cut [1] Inflation Drivers - The housing price index increased by 0.4% month-on-month, serving as the largest contributor to the overall price rise in August [1] - Food prices rose by 0.5%, while energy prices increased by 0.7%, with gasoline prices specifically up by 1.9% [1] Market Implications - The acceleration in overall inflation, combined with a cooling labor market, strengthens the rationale for the Federal Reserve to consider an interest rate cut, potentially marking the beginning of a new rate-cutting cycle [1]