US inflation rose less than expected in September

The Consumer Price Index rose 0.5 percent in September on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index rose 2.2 percent.
The gasoline index increased 13.1 percent in September and accounted for about three-fourths of the seasonally adjusted all items increase. Other major energy component indexes were mixed, and the food index rose slightly.
The index for all items less food and energy increased 0.1 percent in September. The shelter index continued to increase, and the indexes for motor
vehicle insurance, recreation, education, and wireless telephone services also rose. These increases more than offset declines in the indexes for new
vehicles, household furnishings and operations, medical care, and used cars and trucks.

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