Pace of US consumer price rises cools slightly in August

Irish Times | Sep 14, 2021 at 7:23 PM
  • US consumer prices rose at a more moderate pace in August.
  • Despite the slower price growth in August, consumers are braced for higher inflation to continue.
  • The vast majority of the economists surveyed in the latest poll conducted in partnership with the Financial Times by the Initiative on Global Markets at the University of Chicago Booth School of Business also expect inflation to surpass the Federal Reserve’s longstanding 2 per cent target for some time.