By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer prices increased slightly less than expected in September, keeping the Federal Reserve on track to cut interest rates again next week. The Consumer Price Index rose 0.3% last month after climbing 0.4% in August, the Labor Department's Bureau of Labor Statistics said on Friday. In the 12 months through September, the CPI increased 3.0% after advancing 2.9% in August. Economists polled by Reuters had forecast the CPI increasing 0.4% and rising 3.1% year-on-year. Excluding the volatile food and energy components, the CPI gained 0.2% after rising 0.3% in August. The so-called core CPI increased 3.0% year-on-year after rising 3.1% in August. The CPI report was published despite an economic data blackout because of the government shutdown in
US consumer prices rise slightly less than expected in September
The Daily Guardian14 hrs ago
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