📈CPI expected to rise 0.6% in August, driven by rising oil costs.
💰Core CPI predicted to rise 4.3% year over year.
🛢️Oil prices near $90 a barrel due to geopolitical tensions.
📉Market expects Fed to pause in September if CPI within expected range.
🔎Economists divided on the validity of core CPI as a measure of inflation.
What is the CPI forecast for August?
—CPI is expected to rise 0.6% in August, driven by rising oil costs.
What is core CPI?
—Core CPI is CPI with food and energy costs stripped out, considered by the Fed as a measure of underlying inflation.
Why are oil prices rising?
—Geopolitical tensions, such as the Russia-Saudi Arabia oil supply cut agreement, have contributed to rising oil prices.
What is the market expectation for the Fed's action in September?
—The market expects the Fed to pause in September if CPI is within the expected range.
Is core CPI a valid measure of inflation?
—Opinions are divided. Some argue that food and energy costs should be included as they constitute a significant portion of people's expenses.
02:27CPI is expected to rise 0.6% in August due to rising oil costs.
04:39Core CPI predicted to rise 4.3% year over year, lower than July's 4.7%.
05:54Rising oil prices near $90 a barrel due to geopolitical tensions.
06:36Market expects the Fed to pause in September if CPI is within expected range.
09:27Opinions are divided on the validity of core CPI as a measure of inflation.
