US Core CPI Holds at 3.1% and Matches Market Expectations

The annual core consumer price inflation rate in the United States, which excludes volatile items like food and energy, remained stable at 3.1% in August 2025, unchanged from July and in line with market expectations. The heavyweight shelter index increased 3.6% over the last year, following a 3.7% rise previously. Other indexes with notable increases over the last year include medical care (+3.4%), household furnishings and operations (+3.9%), used cars and trucks (+6.0%), and motor vehicle insurance (+4.7%). On a monthly basis, core consumer prices rose 0.3% in August, matching the 0.3% increase in July and in line with market estimates.