U.S. consumer prices for all goods and services are expected to have increased a 0.3% in August, after the acceleration of 0.4% during July. Despite the prevision, the number could be lower due to the rapid decline in gasoline prices during last month. Stephan Rieke, economist at BHF-Bank AG explained that consumer prices (CPI) rose by 0.4% mom in July, driven by retail energy prices. Rieke said that in August, they were slightly lower on average and the Beige Book stated that retail prices had been quite stable and. "However, rents and owners' equivalent rent will again have risen quite strongly, in connection with the downturn in the residential housing market," he noted. "All in all, we expect CPI to have risen by 0.2% mom and 3.8% yoy in August," he concluded.