The pace of US consumer price growth is expected to have eased in August due to a fall in energy costs that offset increases in services and other spending categories.
According to a consensus forecast compiled by Refinitiv Eikon, the consumer price index, published by the Bureau of Labor Statistics on Tuesday, is set to have decelerated for the second month in a row to an annual pace of 8.1 per cent. That is down from 8.5 per cent in July, but still near a four-decade high.
On a monthly basis, headline inflation is set to have dropped by 0.1 per cent, after showing no increase in July.
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