Later this month. Lets show you the details. Figures from the us Labor Department Show prices rose at an annual rate of 2. 5 percent in august. Down from 2. 9 injuly. If we look at Core Inflation though which strips out volatile elements such as Food And Fuel prices were rising at a more aggressive 3. 2 percent. Our North America Business correspondent Ritika Gupta is in new york. A cut by the fed has been all but promised by them already at their meeting next week. I guess the only outstanding question is by how much. Indeed, as you mentioned in your introduction overall this was a solid report on information monitoring. Annually at 2. 5 , that is the lowest in three years and that is why you will see the White House touting this as it went for the current administration and for the Election Campaign for Vice President kamala harris, and makes it must certain the federal reserve will cut Interest Rates when it meets next week, but for the markets it is a different story and you see th
welcome back. it s time now for business. good morning. the january consumer price index is due out later today. prices expected to be up 6.2% from last year. what more should we look out for on this telling inflation data? hey, john, good morning. well, this is a highly important report for all market participants. you ve got the headline inflation print to look out for and then the core inflation print. the headline we mentioned looking at 6.6% year on year growth, the core cpi which excludes food and energy which tends to be more volatile is expected to be 0.3. inflation has been trending lower into the close of 2022 but now there are some warning signs that inflation could actually be