Consumer Price Index: July Core at 4%

The Bureau of Labor Statistics released the August Consumer Price Index data this morning. The year-over-year non-seasonally adjusted Headline CPI came in at 5.25%, down from 5.37% the previous month. Year-over-year Core CPI (ex Food and Energy) came in at 4.00%, down from 4.27% the previous month and above the Fed's 2% PCE target.