August Inflation Forecast at 3.3% Year Over Year

Economists and prediction markets forecast August annual inflation at 3.3%, but new data indicates monthly price growth is accelerating to 0.4% due to energy costs. This mixed signal complicates the Federal Reserve's outlook, with analysts divided on whether the central bank will hold rates steady or resume hikes.
Kalshi markets now price in a 0.4% monthly increase for August CPI, signaling a sharp acceleration from July's 0.1% rise, according to GN markets/inflation (en-US). This monthly spike is expected to be driven primarily by higher oil prices linked to geopolitical disruptions.
Source: GN markets/inflation (en-US)Economists forecast a slowdown in annual inflation to 3.3% for August. This data point is critical for the Federal Reserve's upcoming decision on interest rates.
Source: GN markets/inflation (en-US)






