Inflation likely cooled slightly in August, though remaining strong, as a surge in Covid-19 infections slowed economic growth and pandemic-related shortages of labor and supplies continued to drive up prices, economists say.
Economists surveyed by The Wall Street Journal expect the Labor Department to report the consumer-price index rose a seasonally adjusted 0.4% in August from July, slower than the 0.5% monthly increase in July, and down markedly from June’s 0.9% pace.
