U.S. consumer prices up 0.3% in September

Economy | Markets 10/18/2016, 2:31 PM
U.S. consumer prices up 0.3% in September

Seasonally adjusted Consumer Price Index in the United States rose 0.3% in September, the U.S. Bureau of Labor Statistics reported on Tuesday. This follows a rise of 0.2% in August.

The main contributors to the increase in the index were rises in the shelter and gasoline indexes, which went up 5.8% and 0.4%, respectively. The energy index grew 2.9%, which represents its biggest growth since April. The index for food was unchanged for three consecutive months.

The index for all items excluding food and energy was up 0.1% In September, following a rise of 0.3% in August.

Over the 12 months ending in September, consumer prices increased 1.5% before seasonal adjustment, which is its biggest annual growth since October 2014.

TeleTrader Newsroom / AM