US: Annual core-CPI declines to 2.2% in August vs 2.4% expected

"The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in August on a seasonally adjusted basis, the same increase as in July," the U.S. Bureau of Labor Statistics announced on Thursday.

Key takeaways from the press release

• Over the last 12 months, the all items index rose 2.7 percent before seasonal adjustment.
• The energy index increased 1.9 percent in August; a 3.0-percent increase in the gasoline index was the largest factor.
• The index for all items less food and energy rose 0.1 percent in August.
• The all items index rose 2.7 percent for the 12 months ending August, a smaller increase than the 2.9 percent increase for the 12 months ending July.
• The index for all items less food and energy rose 2.2 percent for the 12 months ending August.