U.S. Consumer Prices Increase More than Expected

WASHINGTON, Dhu-AlHijjah 14, 1437, September 16, 2016, SPA — U.S. consumer prices rose more than expected in August, the government said Friday, as increasing rents and healthcare costs offset a drop in gasoline prices.
The Labor Department reported that its Consumer Price Index (CPI) climbed 0.2 percent last month after being unchanged in July. In the 12 months through August, the index increased 1.1 percent after advancing 0.8 percent in July.
Economists had forecast the CPI gaining 0.1 percent last month and rising 1.0 percent from a year ago.
The so-called core CPI, which excludes food and energy costs, climbed 0.3 percent last month, the biggest increase since February, after gaining 0.1 percent in July.
The core CPI rose 2.3 percent in the 12 months through August after rising 0.1 percent in July.
–SPA
16:16 LOCAL TIME 13:16 GMT