The US Consumer Price Index (CPI) reached 2.4% in August, down 0.3 percentage points compared to the same period last year, thus falling below market expectations, according to the Bureau of Labor Statistics (BLS).
Underlying inflation, which excludes volatile energy and food prices, also fell to 2.5%.
The IPC was released two days late due to the partial shutdown of the federal government, which occurred at the beginning of the month.
Inflation remains above the 2% target of the US Federal Reserve (Fed), but was below the 2.5% targeted by analysts.
In monthly terms, there was an increase of 0.2% in January, after an increase of 0.3% in December.
In the first month of the year, underlying inflation increased by 0.3%.
The monthly increase was driven by the housing index, which grew 0.2% in January, similar to what happened with food prices.
The increases were partially offset by the 1.5% drop in energy costs in January.
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