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US annual inflation slows again in September on weaker energy prices

U.S. annual inflation continued to ease in September as the energy price index weakened.

The unadjusted consumer price index grew 2.3% year over year in September, following a 2.7% increase in August, the U.S. Labor Department said. Econoday had predicted the index would tick up 2.4%.

Energy prices rose 4.8% year over year, slower than the 10.2% annual increase in August.

On a seasonally adjusted monthly basis, consumer prices went up 0.1% in September, following a 0.2% increase in the prior month. Energy prices were down 0.5% month over month.

Core prices, which exclude food and energy, rose 2.2% year over year, unchanged from the rate of increase in August but slightly lower than Econoday's 2.3% forecast.

Core inflation in monthly terms was also unchanged at 0.1% in September.