US Consumer Prices Up 0.1 Percent

The US Labor Department said today that the Consumer Price Index (CPI) rose 0.1 percent in September compared to 0.3 percent in August. Predictions had been for an increase of 2 to 3 percent.

Outside of food and energy, core consumer prices were unchanged for the second straight month. And in the past 12 months, core prices rose by only 0.8 per cent, the smallest yearly gain in more than 49 years.

Source: The Associated Press

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