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Consumer prices increase along with gas costs

Source: nola.com - Oct 19, 2016

WASHINGTON — Consumer prices increased in September at the fastest pace since the spring as gasoline costs jumped after declining for two straight months, the Labor Department said Tuesday (Oct. 18).

The consumer price index, a closely watched barometer of inflation, rose 0.3 percent last month after a 0.2 percent gain in August. The last time the measure increased by more was in April.

Prices increased 1.5 percent for the 12 months ended Sept. 30, the fastest inflation rate in nearly two years.

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Category: General Business