{"id":437946,"date":"2026-09-11T19:30:07","date_gmt":"2026-09-11T12:30:07","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/us-august-cpi-3-4-vs-3-4-expected-437946\/"},"modified":"2026-09-11T19:30:07","modified_gmt":"2026-09-11T12:30:07","slug":"us-august-cpi-3-4-vs-3-4-expected","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/us-august-cpi-3-4-vs-3-4-expected-437946\/","title":{"rendered":"US August CPI 3.4% vs 3.4% expected"},"content":{"rendered":"<div>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/news\/us-july-cpi-y-y-vs-3-4-expected\/\" rel=\"follow\">Prior <\/a>was 3.4%<\/li>\n<li>Unrounded vs +3.365% prior<\/li>\n<li>CPI m\/m +0.4% vs +0.4% exp<\/li>\n<li>Prior CPI was +0.1%<\/li>\n<li>Unrounded CPI m\/m % vs +0.074%  prior<\/li>\n<\/ul>\n<p>Core readings:<\/p>\n<ul>\n<li>Core y\/y 2.4% vs 2.4% expected<\/li>\n<li>Prior core was 2.5%<\/li>\n<li>Core m\/m +0.3% vs +0.2% expected<\/li>\n<li>Prior m\/m +0.2%<\/li>\n<li>Unrounded % m\/m vs +0.215% prior<\/li>\n<li>\u00a0Core-CPI services ex-Rent\/OER (supercore) was vs +0.189% m\/m prior<\/li>\n<li>Core-CPI services ex-shelter vs +0.355% m\/m prior<\/li>\n<li>Core goods % m\/m vs +0.2% prior<\/li>\n<\/ul>\n<p>Ahead of the report, the market was pricing in a 68% chance of a rate hike in September and 43.7 bps in hikes this year. USD\/JPY was trading at 154.01 ahead of the report.<\/p>\n<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal\">Key sub-components:<\/p>\n<ul>\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">Owners&#8217; equivalent rent: % vs +0.3% prior<\/li>\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">Rent of primary residence: % vs +0.3% prior<\/li>\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">Motor vehicle insurance: -0.3% vs -0.3% prior<\/li>\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">Airfares: % vs +2.2% prior<\/li>\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">Used cars: % vs +0.4% prior<\/li>\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">Apparel: % vs +0.1% prior<\/li>\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">Medical care: % vs +0.4% prior<\/li>\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">Lodging away from home: % vs -2.8% prior<\/li>\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">Energy m\/m: % vs -1.5% prior<\/li>\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">Gasoline m\/m: % vs -2.9% prior<\/li>\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">Food m\/m: +% vs +0.1% prior<\/li>\n<\/ul>\n<ul><\/ul>\n<p>                            This article was written by Adam Button at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Prior was 3.4% Unrounded vs +3.365% prior CPI m\/m +0.4% vs +0.4% exp Prior CPI was +0.1% Unrounded CPI m\/m % vs +0.074% prior Core readings: Core y\/y 2.4% vs 2.4% expected&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-437946","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437946","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=437946"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437946\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=437946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=437946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=437946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}