News Column

Energy Costs Fueled US Inflation in September

October 16, 2012
Oil Prices

Consumer prices rose 0.6 per cent in September due largely to a jump in petrol and other fuel costs, according to a report issued Tuesday by the federal Bureau of Labour Statistics.

So-called core inflation, which excludes the volatile prices for energy and food, showed an increase of just 0.1 per cent from August.

Petrol prices were up 7 per cent in September. The broader index of energy prices rose 4.5 per cent for the month, while food prices were 0.1 per cent higher.

Over the last 12 months, the consumer price index and core inflation were up 2 per cent.



Source: Copyright 2012 dpa Deutsche Presse-Agentur GmbH


Story Tools