Sunday, Jun 26, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Economy

Consumer prices rise just 0.2 percent in September

WASHINGTON  — U.S. consumer prices increased only slightly in September as higher energy costs were offset by flat food prices. The figures are the latest evidence that slow economic growth is keeping inflation tame.

The Labor Department says the consumer price index rose a seasonally adjusted 0.2 percent in September, up from 0.1 percent in August. Higher gas, electricity and other energy costs rose 0.8 percent, making up about half the overall increase.

In the past year, consumer prices have increased just 1.2 percent. That’s the smallest 12-month gain since April, and it’s below the Federal Reserve’s 2 percent inflation target.

Excluding volatile food and energy costs, core prices rose just 0.1 percent and are up 1.7 percent in the past 12 months.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…