US consumer prices rise on gasoline and shelter costs in September ...Middle East

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source : Devdiscourse ( Middle East ) () 41
U.S. consumer prices increased in September amid higher costs for rent and gasoline, but underlying inflation is slowing, supporting financial market expectations that the Federal Reserve would not raise interest rates next month. The consumer price index increased 0.4% last month, the Labor Department said on Thursday. The CPI jumped 0.6% in August, which was the largest increase in 14 months.

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