In this news, we discuss the U.S. consumer prices slow in September.
WASHINGTON (Reuters) – U.S. consumer prices rose for a fourth straight month in September, although the pace slowed amid a significant downturn in the economy as it gradually recovered from the COVID recession- 19.
The Labor Ministry said on Tuesday its consumer price index rose 0.2% last month after gaining 0.4% in August. The CPI rose 0.6% in June and July after falling for the previous three months as business closures aimed at slowing the spread of the coronavirus weighed on demand.
In the 12 months ending in September, the CPI rose 1.4% after rising 1.3% in August. Economists polled by Reuters expected the CPI to rise 0.2% in September and 1.4% year-on-year.
Reporting by Lucia Mutikani; Edited by Chizu Nomiyama
Original © Thomson Reuters