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US consumer prices rise 0.5% in September


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US consumer prices rise 0.5% in September

Seasonally adjusted U.S. consumer prices rose 0.5% in September, after a 0.4% increase in August, the U.S. Bureau of Labor Statistics said.

Excluding food and energy, consumer prices increased 0.1% in September, after rising by 0.2% in August.

Consumer prices were expected to rise 0.6% in September, according to a consensus forecast from Econoday. Core consumer prices, which exclude food and energy, were expected to increase 0.2%.

The prices for shelter, motor vehicle insurance, recreation, education and wireless telephone services increased in September, more than offsetting the decline in prices for new vehicles, household furnishings and operations, medical care and used cars and trucks.

The unadjusted consumer price index increased 2.2% for 12 months ended September, compared to the year-over-year 1.9% increase in August. Excluding food and energy, the annual all-items index remained at 1.7% for the fifth month in a row.