US consumer inflation eased more than expected last month, according to government data published Wednesday, likely bolstering calls for the Federal Reserve to cut interest rates next week.
The consumer price index (CPI) slowed to 2.5 percent in August from a year ago, down from 2.9 percent in July and the lowest annual figure since February 2021, the Labor Department said in a statement. A measure of inflation that strips out volatile food and energy costs remained largely unchanged.
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