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Consumer prices fall again in September

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Consumer prices fall again in September

Gas prices lead to largest decline in eight months.

Largely driven by plunging energy costs, the Consumer Prices Index decreased on a seasonally adjusted basis by 0.2% in September, according to the U.S. Bureau of Labor Statistics. This follows a 0.1% decrease in August.

The decline was in line with analysts’ expectations.

Prices over the last twelve months were effectively unchanged.

The index for all items less food and energy, known as “core” CPI, increased 0.2%, following a 0.1% increase in August.
Core CPI has increased 1.9% over the last 12 months. 
The decrease in consumer prices may give the Fed pause in its expected plan to raise interest rates this fall, although the increase in core CPI may alleviate the concern of a deflationary environment.  


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