Consumer Prices Rose More Than Expected in August, Complicating Fed Policy

U.S. consumer prices rose at a faster than expected pace in August.

The consumer price index rose 0.4 percent compared with the previous month, the Department of Labor said Thursday. Economists had forecast a 0.3 percent increase following a 0.2 percent increase in July.

Compared with a year ago, the consumer price index, the government’s main inflation indicator, rose 2.9 percent, matching the consensus forecast.

Core prices, which exclude volatile food and energy categories, rose 0.3 percent. That also matched the consensus forecast. In July, core CPI rose 0.3 percent. Compared with a year ago, core CPI rose 3.1 percent, also matching…

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