Consumer Prices in U.S. Increase Less Than Forecast
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The cost of living in the U.S. rose less than forecast in September, indicating companies are keeping a lid on price increases to stoke demand.
The consumer-price index rose 0.1 percent after 0.3 percent gains in the prior two months, figures from the Labor Department showed today in Washington. Economists projected a 0.2 percent gain, according to the median forecast in a Bloomberg News survey. Excluding volatile food and fuel costs, the so-called core rate was unchanged for a second month.