CPI Inflation Report: August 0.4% Rise Expected Before Fed Decision

The Bureau of Labor Statistics is set to release the August consumer price index (CPI) report at 8:30 a.m. on Friday. The Dow Jones consensus indicates costs for all goods and services will have risen by 0.4%, leading to an annual inflation rate of 3.4%. Excluding food and energy, core inflation is expected to rise 0.2%, with an annual rate of 2.4%. This data is crucial for the Federal Reserve's interest rate decision next Wednesday, as a surprising CPI could increase the odds of a rate hike. Understanding CPI impacts will help investors gauge potential market volatility.