Nick Timiraos, often referred to in Chinese crypto media as a closely watched Federal Reserve reporter, said that in August CPI data, core services inflation excluding housing rose 0.51% month over month, the highest level since January. On a year-over-year basis, that category increased 3%.
He also said core goods inflation rose 0.11% from the previous month and 0.7% from a year earlier. Housing inflation increased 0.26% month over month and 3% year over year. The update highlights the breakdown of August inflation components cited in the report, with services excluding housing posting the strongest monthly reading since January.
According to ChainCatcher, Nick Timiraos said that in the August CPI report, core services inflation excluding housing rose 0.51% month over month, the highest reading since January, and was up 3% year over year.
Core goods inflation rose 0.11% from the previous month and 0.7% from a year earlier. Housing inflation increased 0.26% month over month and 3% year over year.
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