In August, prices were up 8.3% from the year before and up 0.1% from July. Headline inflation is falling amid a persistent decline in gasoline prices in the United States.
However, less volatile prices reversed a declining trend and increased slightly in August. Core inflation, in this case defined as all prices less food and energy, rose 0.6% in August from July and is up 6.3% from the year before.
Prices that have been especially volatile in the past two years are on the decline. Gasoline prices fell 10.6% in August, and prices for new and