WASHINGTON (Reuters) – U.S. consumer prices rose more than expected in September and inflationary pressures continue to mount, reinforcing expectations that the Federal Reserve will adopt a fourth interest rate hike of 0.75 percentage points. next month.
The consumer price index rose 0.4% last month after rising 0.1% in August, the Labor Department said on Thursday. Economists polled by Reuters up 0.2%.
In the 12 months through September, the index rose 8.2%, after rising 8.3% in August. On an annual basis, the index peaked at 9.1% in June, which was the biggest increase since November 1981.
(Reporting by Lucia Mutikani)
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