Headline consumer prices were up 1.7 percent year over year in August, down from July’s 2.0 percent. The core measure, which excludes food and energy, was up 1.7 percent year over year in August, easing from 1.9 percent in July. The monthly annualized core reading increased 0.2 percent in August, the smallest one-month increase since January 2010 when it was down 1.8 percent. Though the subindexes for shelter, new vehicles, and alcoholic beverages rose, these advances were offset by declines in several subindexes, including airline fares, recreation, household furnishings and operations, apparel, and used cars and trucks.
