The Commerce Department released a report on Friday showing consumer prices in the U.S. increased in line with economist estimates in the month of August.
The report said the personal consumption expenditures (PCE) price index climbed by 0.3 percent in August after rising by 0.2 percent in July. The price growth matched expectations.
Prices for services rose by 0.3 percent for the second consecutive month, while prices for goods crept up by 0.1 percent in August after edging down by 0.1 percent in July.
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Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.