【CNBC】Here’s the inflation breakdown for August 2024 — in one chart

• The consumer price index rose 2.5% in August 2024, on an annual basis, the Bureau of Labor Statistics said.
• That CPI inflation reading is the lowest since February 2021.
• Inflation has gradually declined, but a few categories, such as housing, remain stubbornly high.
• The Federal Reserve is expected to start cutting interest rates, since inflation has moderated.

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