CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Scan to Download iOS&Android APP

US inflation cooled in August

By Joseph Toppe

14:58, 14 September 2021

Share this article

Subscribe to Weekly Highlights

The major market events for the week ahead right in your inbox. Subscribe
Consumer
Woman shopping in a supermarket - Photo: Unsplash

US consumers prices rose less than expected, the US Bureau of Labor Statistics reported Tuesday.

The consumer price index, which measures common products as well as various energy goods, went up 5.3% year over year and 0.3% from July.

This is the lowest monthly increase in the CPI since December, 2020.

Economists surveyed by Dow Jones anticipated a 5.4% yearly jump and a 0.4% hike for August.

Market reply

The Dow Jones Industrial Average and the S&P 500 were geared to open higher in Tuesday’s trading session as the smaller-than-expected increase in inflation powers shares.

The report rundown: spending is up at home

The indexes for gasoline, household furnishings and operations, food, and shelter all rose in August, with energy surging 2.0%, mainly due to a 2.8% spike in the gasoline index.

AMZN

104.48 Price
-3.420% 1D Chg, %
Long position overnight fee -0.0064%
Short position overnight fee -0.0059%
Overnight fee time 22:00 (UTC)
Spread 0.14

TSLA

192.16 Price
+4.260% 1D Chg, %
Long position overnight fee -0.0308%
Short position overnight fee -0.0137%
Overnight fee time 22:00 (UTC)
Spread 0.17

META

188.81 Price
+1.350% 1D Chg, %
Long position overnight fee -0.0064%
Short position overnight fee -0.0059%
Overnight fee time 22:00 (UTC)
Spread 0.10

AAPL

155.34 Price
+7.230% 1D Chg, %
Long position overnight fee -0.0064%
Short position overnight fee -0.0059%
Overnight fee time 22:00 (UTC)
Spread 0.06

The index for food was 0.4% higher, with the measures for food at home and food away from home both raising 0.4%.

The index for new vehicles continued to rise in August, increasing 1.2% after growing 1.7% in July.

The energy index is up 25.0% over the past 12 months as all the major energy component indexes also increased, with gasoline jumping 42.7% over the last year.

The index for electricity went up 5.2%, marking its largest 12-month jump since the period ending March 2014.

The index for natural gas was 21.1% over the last year, marking its largest increase since the period ending August 2008, according to the US Bureau of Labor Statistics.

Read more: US inflation slackens for July as dollar sinks, oil rises

Rate this article

Share this article

Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

Latest Economics headlines

Still looking for a broker you can trust?

Join the 480.000+ traders worldwide that chose to trade with Capital.com

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading