U.S.: prices rose 0.4% in August, three times more than in July

WHAT HAPPENED

Consumer prices in the U.S. rose 0.4% in August, compared to 0.1% in July. Over the year, they have accumulated 3.4%. Excluding food and energy, they increased 0.3% for the month.

WHY IT MATTERS

Core inflation, which better shows the trend, decreased less than expected. Gasoline and transportation are already feeling the high oil prices, and this data could influence the Fed to maintain or raise rates.

AND FOR YOUR PORTFOLIO

For your wallet, a spending of $1,000 in July cost about $1,004 in August due to the monthly increase. If rates go up, credit cards, auto loans, and mortgages in the U.S. may become even more expensive.