Inflation fell four-tenths of a percentage point to 2.5% for the year in August, the Bureau of Labor Statistics reported Wednesday.

The Consumer Price Index report shows inflation slowed for a fifth consecutive month in August as gas, used car prices decline.

Japan's consumer inflation rate likely picked up for the fourth straight month in August, a Reuters poll of 20 economists showed, tracking comfortably above the central bank's 2% target and keeping alive expectations for more rate hikes ahead.