Chapter 5 Gold and USA CPI Inflation
The August CPI Inflation Report
Yesterday the government reported a fractional decline in headline inflation through the release of the August CPI inflation report. The August 2022 CPI report revealed that inflation was both stickier and larger than expected, with the actual numbers exceeding the forecasts by major economists and analysts. The report revealed that headline inflation increased by 0.1% month over month and fell from 8.5% year-over-year in July to 8.3% in August. Economists were expecting a deeper decline in inflation to between 7.9% and 8% YoY.
