Energy prices fell for the second straight month but remain 23.8% higher than a year ago. Food prices rose 0.8% in August, their slowest monthly growth rate since December 2021, but remain up 11.4% from last year. All items, excluding the more volatile food and energy indexes,News sources across the spectrum highlighted the inflation data as their top story Tuesday morning.
Sources regardless of bias in headlines, and many fail to explain the distinction to their readers. NBC News's headline said inflation"fell slightly to 8.3%," while Fox Business's said"inflation rose 8.3%" and CNBC's said"inflation rose 0.1%." Left- and center-rated sources focused more on falling gas prices. Right-rated sources focused more on high food prices and how inflation rose more than economists predicted.