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International Business Times
International Business Times
Business

US Consumer Inflation Rose Less Than Expected In September, Delayed Data Shows

Gasoline prices jumped in September, according to Labor Department data (Credit: AFP)

US consumer inflation continued to heat up last month, but by less than expected, according to official data published nine days late due to the ongoing government shutdown.

However, the acceleration is unlikely to dim expectations of another rate cut from the Federal Reserve next week as it looks to support the flagging labor market.

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