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Consumer prices edge up; retail sales increase unexpectedly

The slight pickup in the monthly core CPI could offer some comfort to Fed officials amid low inflation concerns

Rising retail sales and steadily firming underlying price pressures will likely keep the Federal Reserve on course to raise interest rates next month.


US consumer prices barely rose in October as the boost to gasoline prices from hurricane-related disruptions to Gulf Coast oil refineries was unwound, but rising rents and healthcare costs pointed to a gradual buildup of underlying inflation.

Low inflation is, however,...

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