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LATEST US DATA

CPI up 0.1% as inflation stays muted

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

Washington

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