Consumer Prices in U.S. Increased More Than Forecast in August

September 16, 2016 12:50 PM

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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 closer 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 ...

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