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U.S. Consumer Prices Up 0.2%, Core Inflation Exceeds Expectations
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- September 11, 2024
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Key Sectors Driving Inflation Shelter costs emerged as the primary driver of inflation, with a 0.5% increase in August. This component alone accounted for over 70% of the core CPI’s annual rise. Other notable increases included: Airline fares: Up 3.9% Motor vehicle insurance: Rose 0.6% Education and apparel: Both saw increases Food and Energy Trends