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Gasoline boosts 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, 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. Prices for U.S. Treasuries rose and stocks on Wall Street hit record highs. The dollar was little ...

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First Published: Fri, October 13 2017. 22:22 IST