As a broad range of increases kept up moderate inflation pressures, consumer prices rose 0.3% Labor Department data showed Oct. 16. The consumer price index, a measure of inflation at the retail level, was higher than the 0.2% rise expected by analysts.
Core prices excluding volatile food and energy costs rose 0.2%, in line with forecasts. Over the past 12 months, overall prices are up 2.8% and core prices 2.1%.
Energy prices rose 0.3% in September after falling in each of the prior three months Food prices rose 0.5% in September.
Transportation prices rose 0.1%, while housing prices, medical prices and apparel prices each rose 0.3% in September.
Copyright Agence France-Presse, 2007