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US consumer prices up 0.2% in Sept
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US consumer prices up 0.2% in Sept
AFP - Friday, October 16
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A woman shops for groceries in North Miami, 2008. US consumer prices rose 0.2 percent, in line with expectations in September.
WASHINGTON (AFP) - – US consumer prices rose 0.2 percent, in line with expectations in September, government data showed Thursday on the back of lower increases in gasoline prices and a fall in food prices.
The Labor Department's consumer price index (CPI) showed a year-over-year decline of 1.3 percent, in a report being monitored for signs of deflation rather than inflation in light of the weak economy.
The core CPI, which excludes volatile food and energy costs, a figure that some economists say offers hints of future inflation trends, also increased by 0.2 percent for the month and is up by 1.5 percent from September 2008.
"Inflation is staying level for the moment, though it is still within the danger zone for a drop into deflation," said Moody's Economy.com economist Andres Carbacho-Burgos.
Of the main components of the CPI, the index for all types of gasoline increased by 1.0 percent in September while that for commodities increased by 0.3 percent.
The index for non-durables other than food increased by 0.4 percent and for durable goods by 0.4 percent.
The CPI for services increased by 0.1 percent and that for food and beverages fell by 0.1 percent and for energy increased by 0.7 percent.
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