Consumer Prices in U.S. Rose Less Than Forecast in August
By Jeanna Smialek - Sep 17, 2013 8:39 AM ET
The cost of living in the U.S. rose less than forecast in August, a sign it will take time for inflation to reach the Federal Reserve’s goal.
The consumer-price index increased 0.1 percent, the least in three months, after a 0.2 percent gain in July, Labor Department figures showed today in Washington. The median forecast in a Bloomberg survey of economists called for a 0.2 percent gain in August. The core measure, which excludes food and fuel, also rose 0.1 percent last month.
more@Bloomberg.com
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