THE AMERICA ONE NEWS
Jun 2, 2025  |  
0
 | Remer,MN
Sponsor:  QWIKET 
Sponsor:  QWIKET 
Sponsor:  QWIKET: Elevate your fantasy game! Interactive Sports Knowledge.
Sponsor:  QWIKET: Elevate your fantasy game! Interactive Sports Knowledge and Reasoning Support for Fantasy Sports and Betting Enthusiasts.
back  
topic
CNSNews
CNSNews
11 Sep 2024
Craig Bannister


NextImg:Cost of Shelter Continued to Fuel Inflation in August, BLS Reports

The cost of shelter continued to fuel inflation in August, the U.S. Bureau of Labor Statistics reported Wednesday.

In August, the Consumer Price Index for All Urban Consumers (CPI-U) increased a seasonally-adjusted 0.2% from July, matching July’s increase from June. Over the last 12 months, the all-items index increased 2.5% before seasonal adjustment.

The so-called “core” index (excluding food and gasoline) rose 0.2% month-to-month and 3.2% from year-ago.

The cost of shelter rose 0.5% in August and was the main factor in the all-items increase. The shelter index has increased 5.2% over the last year, accounting for more than 70 percent of the total 12-month increase in the core index.

The cost of food rose 0.1% for the month and 2.1% from 12 months earlier. Other indexes with notable increases over the last year include:

In the first 43 months of Pres. Joe Biden’s administration (through August), monthly inflation averaged 5.2%. During the full 48-month term of his predecessor, former Pres. Donald Trump, inflation averaged 5.2% per month.

For an in-depth comparison of the economies of the Biden and Trump administrations, click here.

The business and economic reporting of CNSNews is funded in part with a gift made in memory of Dr. Keith C. Wold.

Inflation