FLASH: U.S. August CPI up 3.4% YoY, in line; core CPI at 2.4% YoY
U.S. consumer inflation held to expectations in August. Headline CPI rose 3.4% year over year, matching forecasts, while core CPI increased 2.4% year over year, also in line. On a monthly basis, headline CPI advanced 0.4%. Core CPI rose 0.3%, above the 0.2% consensus estimate.