India, Sept. 30 -- US inflation data showed mixed signals in August, with the overall Personal Consumption Expenditures (PCE) price index rising 0.3% month-on-month and 3.4% year-on-year. The 0.3% monthly rise in overall PCE inflation was below economists' expectations. In July, the overall PCE measure had increased 0.1% from the previous month.

On a yearly basis, overall PCE inflation remained at 3.4% in August, unchanged from July. The reading was also below expectations. The core PCE measure, which excludes food and energy prices, rose 0.2% month-on-month in August. The measure had increased 0.1% in July.

Economists had expected core PCE inflation to rise 0.3% in August, meaning the actual monthly increase was lower than expected. On...