Cost of Living in U.S. Increases Less Than Forecast: Economy

The cost of living in the U.S. rose less than forecast in August, a sign it will take time for inflation to reach the goal of Federal Reserve policy makers as they consider trimming stimulus designed to bolster the economy.

The consumer-price index increased 0.1 percent, the least in three months, after a 0.2 percent gain in July, Labor Department figures showed today in Washington. The core measure, which strips out food and fuel, also rose 0.1 percent. Another report showed homebuilder confidence held this month at the highest level since 2005.