Markets

U.S. consumer prices rise 0.2% in September vs. 0.4% rise in August

Key Points
  • U.S. consumer prices rose for a fourth straight month in September though the pace has slowed amid considerable slack in the economy as it gradually recovers from the Covid-19 recession.
  • The Labor Department said on Tuesday its consumer price index increased 0.2% last month after gaining 0.4% in August.
An independent contractor wearing a protective mask and gloves loads Amazon Prime grocery bags into a car outside a Whole Foods Market in Berkeley, California, Oct. 7, 2020.
David Paul Morris | Bloomberg | Getty Images

U.S. consumer prices rose for a fourth straight month in September though the pace has slowed amid considerable slack in the economy as it gradually recovers from the Covid-19 recession.

The Labor Department said on Tuesday its consumer price index increased 0.2% last month after gaining 0.4% in August. The CPI advanced 0.6% in both June and July after falling in the prior three months as business closures to slow the spread of the coronavirus weighed on demand.

In the 12 months through September, the CPI increased 1.4% after rising 1.3% in August. Economists polled by Reuters had forecast the CPI climbing 0.2% in September and rising 1.4% year-on-year.

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