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Gasoline boosts US consumer prices, but underlying inflation muted

“U.S. consumer prices recorded their biggest increase in eight months in September as gasoline prices soared in the wake of hurricane-related production disruptions at oil refineries in the Gulf Coast area, but underlying inflation remained muted” reports foxbusiness.com. The year-on-year core CPI has now increased by the same margin for five consecutive months.Last month, food prices rose 0.1 percent after a similar gain in August.In the 12 months through September, the core CPI increased 1.7 percent.
 
Source: foxbusiness.com



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