U.S. inflation remained elevated last month as gas prices jumped while the cost of rents and some services cooled, painting a mixed picture of the expenses consumers are facing in a murky economy where growth appears steady but hiring slow.
Consumer prices increased three per cent in September from a year earlier, the Labour Department said Friday, up from 2.9 per cent in August. Excluding the volatile food and energy categories, core prices also rose three per cent, a decline from 3.1 per cent in the previous month.
On a monthly basis, prices rose 0.3 per cent in September, down from 0.4 per cent the previous month. Core inflation also cooled to 0.2 per cent, from 0.3 per cent in August.
The report on the consumer price index is being issued more than a week late because of
Continue Reading on CBC News
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.