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CPI up 0.1% as inflation stays muted

Thursday, October 23, 2014 - 05:50

Lower fuel bills are helping to boost consumer confidence and purchasing power, which will underpin the US expansion.


THE cost of living in the US barely rose in September, leaving inflation below the Federal Reserve's goal as fuel prices plunge this month.

The consumer rice index climbed 0.1 per cent after decreasing 0.2 per cent in August, a Labor Department report showed on Wednesday

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