US inflation rose 0.2% in August

Consumer prices rose 0.2% in August, after the data unchanged in July, according to the Bureau of Labor Statistics (BLS). Analysts' forecasts expected up 0.1%. The growth was 1.1% year-on-year, above expectations for a gain of 1.0% and after having risen 0.8% in July.

The so-called core CPI, which is the consumer price index adjusted for the more volatile components such as food and energy, showed an increase of 0.3%, after + 0.1% the previous month. The annual figure is however at 2.3%, up from + 2.2% in July.

Core prices are viewed by the Federal Reserve as a better gauge of longer-term inflationary pressure because they exclude the volatile food and energy categories. The central bank usually tries to aim for 2% core inflation or less.

In particular, the prices of the energy component did not change after -1.6% in July. Even the prices of the food component are not changed, remained stable as in the previous month.

But analysts said that the better-than-expected inflation data would not be enough to prompt US Federal Reserve chair Janet Yellen and co. to increase borrowing costs.