Rising rents, healthcare costs boost U.S. consumer prices

September 16, 2016 12:50 PM

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Rising rents, healthcare costs boost U.S. consumer prices

The Labor Department said on Friday its Consumer Price Index rose 0.2 percent last month after being unchanged in July. In the 12 months through August, the CPI increased 1.1 percent after advancing 0.8 percent in July.

Economists had forecast the CPI nudging up 0.1 percent last month and rising 1.0 percent from a year ago.

Also read: U.S. Consumer Spending Rises at More Moderate Pace, Incomes Jump

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