[10/18/16] Consumer prices in the United States recorded their biggest gain in five months in September as the cost of gasoline and rents surged, pointing to a steady buildup of inflation that could keep the Federal Reserve on track to raise interest rates in December.
The Labor Department said on Tuesday that its Consumer Price Index increased 0.3 percent last month after rising 0.2 percent in August. In the 12 months through September, the index rose 1.5 percent, the biggest year-on-year increase since October 2014. It rose 1.1 percent in the year to August.
“Today’s inflation data are not...