The
Labor Department said on Tuesday its Consumer Price Index
increased 0.3 percent last month after rising 0.2 percent in
August.
In the 12 months through September, the CPI accelerated 1.5
percent, the biggest year-on-year increase since October 2014.
The CPI increased 1.1 percent in the year to August.
Economists had forecast the CPI rising 0.3 percent last month
and jumping 1.5 percent from a year ago.
But underlying inflation showed signs of moderating amid a
slowdown in the pace of increases in healthcare costs after
recent robust gains.The government revised prices for
prescription drugs from May through August this year as
incorrect data had been used to calculate price changes.
The so-called core CPI, which strips out food and energy costs,
gained 0.1 percent last month after climbing 0.3 percent in
August.
That slowed the year-on-year increase in the core CPI to 2.2
percent following a 2.3 percent rise in August.
The retreat in the monthly core CPI reading will probably do
little to change the view that the Fed will raise interest rates
at its December meeting.
(Reporting by Lucia Mutikani; Editing by Andrea Ricci)
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