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Core inflation rose 0.3% in August, slightly more than forecasted
- Core CPI rose 0.3% in August, exceeding expectations for a 0.2% growth.
- Headline CPI rose 0.2% on the month, in line with the forecasts.
- On a yearly basis, core CPI rose 3.2%, in-line with the estimate while headline CPI rose 2.5%, below 2.6% forecast.
- Supercore inflation rose to 0.327% in August from 0.205% in July.
- Shelter index rose 0.5% in August versus 0.4% in July.
- S&P and Nasdaq 100 futures shed 0.4% while Dow futures fell 0.6% following the report.
