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Gasoline buoys U.S. consumer prices, underlying inflation tame

Reuters  |  WASHINGTON 

By Lucia MutikaniWASHINGTON (Reuters) - U.S. consumer prices recorded their biggest increase in eight months in September as gasoline prices soared in the wake of hurricane-related production disruptions at oil refineries in the Gulf Coast area, but underlying inflation remained muted.The mixed report from the Labor Department on Friday comes as Federal Reserve officials have been engaged in a vigorous debate on the inflation path and suggests a December interest rate increase is not a done deal. As a result, the dollar fell against a basket of currencies, while prices for U.S Treasuries ...

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First Published: Fri, October 13 2017. 19:51 IST
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