Higher gas, housing costs lift US consumer prices 0.4 pct.
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September 15, 2017
WASHINGTON (AP) — Higher gas and housing costs boosted U.S. consumer prices 0.4 percent in August, the most in seven months. The increase suggests inflation could be picking up, but the figures were likely distorted by Hurricane Harvey.
Consumer prices climbed 1.9 percent last month compared with a year earlier, the Labor Department said Thursday, up from an annual gain of 1.7 percent in August and the second straight increase. Excluding volatile energy and food costs, prices rose 0.2 percent in August and 1.7 percent from a year earlier.
The pickup will likely assuage Federal Reserve policy m...
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