Inflation Report Surprises Higher09/15/2022


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The Labor Department released its long-awaited August Consumer Price Index (CPI) report, and it surprised investors that had been anticipating a weaker inflation reading. Headline CPI, which includes the more volatile food and energy categories, rose 8.3% from a year ago and 0.1% from the prior month. The consensus expectation was for a 0.1% monthly decline. However, the Federal Reserve historically does not put as much weight into headline CPI as it does core CPI. Core CPI, which excludes volatile food and energy categories, rose 6.3% from a year ago and 0.6% month over month, exceeding expectations for a more modest 0.3% monthly increase.

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This commentary is published by Cetera Investment Management LLC, an SEC registered adviser owned by Cetera Financial Group. Cetera Investment Management provides market perspectives, portfolio guidance, model management, and other investment advice to its affiliated broker-dealers, dually registered broker-dealers and registered investment advisers.

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