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American2Day

News and opinion for Michigan, Eaton County, and the Mulliken area

American2Day

News and opinion for Michigan, Eaton County, and the Mulliken area

Money

U.S. consumer prices rise 0.6% in September, matching forecasts

A2D News Desk

U.S. Consumer prices rose 0.6% in September, matching economists' forecasts, after a 0.4% increase in August, according to the Labor Department's latest report released Wednesday.

The annual rate of consumer price growth jumped to 3.7% in September from 3.4% in August, while core consumer prices, which exclude food and energy, rose 0.3% for the second straight month.

Core consumer prices accelerated to a 2.6% annual rate in September from 2.4% in August, reflecting a steady upward trend in inflation and a spike in energy prices.

Read the full story at finance.yahoo.com.

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