inflation climbed to 3.7%, exceeding forecasts of 3.6% and surpassing the previous month’s 3.2%.
The core CPI, which excludes food and energy costs, saw a 0.3% rise, surpassing economist expectations of 0.2% and compared to the 0.2% increase in the previous month. However, on a year-over-year basis, core CPI decreased to 4.3%, aligning with economist forecasts and showing a decline from July’s 4.7%.revealed that certain keywords related to the Consumer Price Index garnered increased attention compared to the previous iteration. Specifically, the term “CPI” generated a social volume of 581, while “inflation” received a social volume of 671.These volumes represented percentages of 0.7% and 0.9%, respectively.
Additionally, the Santiment post emphasized that the relatively low percentages shouldn’t necessarily be interpreted as a negative development.