US consumer price index rises 0.1% in August, driven by rents, food

US consumer price index rises 0.1% in August, driven by rents, food: “The renewed jump in core prices for August undercuts the weaker headline inflation rate spurred by lower gasoline costs,” said a senior economist at Nationwide in Columbus, Ohio, Ben Ayers. “This should secure another 75-basis point rate hike at next week’s policy meeting as the Fed continues to take a strong stance against inflation.”