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U.S. Core Inflation Misses Estimates; Energy Boosts Main Gauge

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U.S. inflation excluding food and fuel was below estimates for the sixth time in seven months, even as a hurricane-driven spike in energy prices boosted the overall cost of living by the most since January, a Labor Department report showed Friday.

While economists expected an overall pickup in price gains in the aftermath of Hurricane Harvey -- energy costs rose by the most since June 2009 -- the details suggest any broader acceleration in U.S. inflation may need more time to gain traction.