U.S. Inflation up 0.4% in August

Inflation slowed its pace in August south of the border, figures released Friday by the U.S. Bureau of Labor Statistics.

The Consumer Price Index increased 0.4% in August on a seasonally-adjusted basis after rising 0.6% in July. Over the last 12 months, the all
items index increased 1.3% before seasonal adjustment.

The bureau went on to say the monthly increase in the seasonally-adjusted all items index was broad-based; a sharp rise in the used cars and trucks index was the largest factor, but the indexes for gasoline, shelter, recreation, and household furnishings and operations also contributed.

The energy index rose 0.9% in August as the gasoline index rose 2%. The food index rose 0.1% in August after falling in July; an increase in the food away from home index more than offset a slight decline in the food at home index.