Pursuits
Consumer Prices in U.S. Rose More Than Forecast in August
- Increase is driven by costs of shelter, medical care
- Move probably isn’t enough to change dynamics of Fed debate
U.S. Consumer Prices Top Projections in August
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The cost of living in the U.S. rose more than projected in August on higher shelter and health-care prices, indicating that inflation continues to move toward the Federal Reserve’s goal.
The consumer-price index climbed 0.2 percent after being little changed the previous month, Labor Department figures showed Friday in Washington. The median estimate of economists surveyed by Bloomberg was for a 0.1 percent advance. Excluding volatile food and fuel costs, the so-called core measure rose a bigger-than-forecast 0.3 percent from a month earlier.