US Inflation Stood At 8.3% In August, Stocks & Commodities Volatile

The US Labor Department released its monthly inflation report today and stated that Consumer Price Index Urban (CPI-U) stood at 8.3% in August. The inflation data decelerated from July's 8.5% gain. However, analysts expected that inflation will fall to 8.1% in the same month. The US Stock markets and commodity markets went volatile.