"If The Fool persists in his Folly he will become wise." - William Blake
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Consumer Prices in U.S. Rise 0.1% as Inflation Remains Muted
The cost of living in the U.S. barely rose in September, leaving inflation below the Federal Reserve’s goal as fuel prices plunge this month. The consumer-price index climbed 0.1 percent after decreasing 0.2 percent in August, a Labor Department report showed today in Washington. The median forecast of 84 economists surveyed by Bloomberg called for no change. Excluding volatile food and fuel, the so-called core measure also advanced 0.1 percent after being little-changed in August. A slowdown in global economic growth and declining energy and commodity costs will restrain overall price pressures this month, ... (full story)