U.S. CPI puts Fed rise back on agenda

15 September 2017

 

Higher fuel prices, rents and other lodging costs have driven U.S. consumer inflation higher than economists had expected. Consumer price index (CPI) figures released by the Bureau of Labor Statistics indicated prices rose by 0.4% in August, higher than the market expectations of a 0.3% increase. On a 12-month basis the consumer inflation rate increased from July’s 1.7% to 1.9%. Core prices, a measure of prices which strips out food...

read full story