US annual inflation ticks up in September

US annual inflation ticks up in September

Mubasher: Although higher costs for renting and owning houses pushed slightly consumer prices, the index moderated more broadly anew.

The US consumer price index (CPI) edged up 0.1% in September, after rising 0.2% in August, extending gains for the sixth months in a row data released on Thursday showed.

Meanwhile, analysts polled by MarketWatch expected a 0.2% increase.
Excluding volatile commodities like food and energy, the index went also up 0.1% last September, the same gain seen in the previous month, the US Bureau of Labor Statistics (BLS) reported.

Over the last 12 months, the gauge rose 2.3%, while the so-called core CPI rose 2.2% in the 12 months ended September.

By 12:50 pm GMT, the US dollar index dipped 0.48% to 95.0530.