Core Inflation Slowed In August Amid Strong Spending and Wage Gains

Core inflation slowed down in August, the Federal Reserve’s preferred gauge showed Friday, suggesting President Trump’s tariffs are not creating significant price pressures for American households.

The personal-consumption-expenditures price index rose by 0.3 percent compared with a month earlier, the Commerce Department said, a notch up from July’s 0.2 percent climb. Over the 12 months ending in August, the index climbed 2.7 percent, up from July’s 2.6 percent increase.

Core prices, a measure that excludes the volatile food and energy prices, rose 0.2 percent, a slowdown from the 0.3 percent rise in the prior month. Compared with 12 months…

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