If these higher energy prices roll off... looks like disinflation to me.
Marketwatch details:
The index for U.S. consumer prices rose 0.3% in August for the second straight month, pulled higher by energy prices, the Labor Department reported Friday. The
energy index in August rose 2.3% after a 2.6% gain in July. Meanwhile, food prices rose 0.2%, the largest increase since April. The core rate, which excludes volatile food and energy prices, was flat in August.Economists surveyed by MarketWatch had expected the overall CPI to rise 0.3%, and for the core to gain 0.1%. Over the past 12 months, overall consumer prices have climbed 1.1% in August, down from 1.2% in July. Core prices have gained 0.9%, the same rate as the last five months. Prices for shelter were unchanged in August after rising 0.1% in each of the prior three months.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjCIHJnny6e6vNX7-qon0SgYycHKgKJxjG0gM4B2_sq0dZOwnpZEzR6uBqJIiol5OX1CoGKCwekH1hcyLcl0iRXj2nkkzTsSankaJDx5HyI5x978DJp9iSRsFbzygig4MumuytamJz2fA/s800/cpicont.png)
Source: BLS
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