U.S. Consumer Prices Rise Slightly More Than Expected In September
(RTTNews) - Consumer prices in the U.S. increased by slightly more than expected in the month of September, according to a report released by the Labor Department on Thursday.
The Labor Department said its consumer price index rose by 0.2 percent in September, matching the increase seen in August. Economists had expected consumer prices to inch up by 0.1 percent.
The report also said core consumer prices, which exclude food and energy prices, climbed by 0.3 percent for the second consecutive month. Core prices were expected to rise by 0.2 percent.
Meanwhile, the Labor Department said the annual rate of consumer price growth slowed to 2.4 percent in September from 2.5 percent in August. Economists had expected the pace of price growth to slow to 2.3 percent.
The annual rate of core consumer price growth accelerated to 3.3 percent in September from 3.2 percent in August, while economists had expected the price of growth to remain unchanged.
Philly Fed Index Surges Much More Than Expected In September
U.S. Weekly Jobless Claims Pull Back More Than Expected
Fed Cuts Rates By Quarter Point, Forecasts Two More Rate Cuts This Year
U.S. Housing Starts Pull Back Much More Than Expected In August
U.S. Housing Starts Plunge 8.5% In August, Much More Than Expected
U.S. Business Inventories Rise 0.2% In July, In Line With Estimates
U.S. Homebuilder Confidence Holds Steady In September
