The August Consumer Price Index (CPI) report was roughly in line with estimates. The index rose 0.2% from July and 2.5% from a year ago, both matching the consensus estimate from Bloomberg. Core CPI, which strips out more volatile food and energy prices, rose 0.3% from the prior month, a touch hotter than the expected 0.2%. Year-over-year, core CPI rose 3.2%, matching estimates. One of the big factors propping up inflation is housing, which is a market that remains tight.

Morning Brief anchors Seana Smith and Brad Smith break down the report in the video above.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Stephanie Mikulich.