You are here: Home » Reuters » News
Business Standard

Gasoline, rents boost U.S. consumer inflation; weekly jobless claims fall

Reuters  |  WASHINGTON 

By Lucia MutikaniWASHINGTON (Reuters) - U.S. consumer prices accelerated in August amid a jump in the cost of gasoline and rental accommodation, signs of firming inflation that boosted the probability of an interest rate increase from the Federal Reserve in December.Other data on Thursday showed an unexpected drop in the number of Americans filing applications for unemployment benefits last week. Though the data was impacted by hurricanes Harvey and Irma, the labor market remains healthy with increasing reports of worker shortages in some industries.August's inflation readings support the ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, September 14 2017. 21:40 IST
RECOMMENDED FOR YOU