INFLATION RATE FALLS TO 1.2% FROM 1.5%

Posted by Business Insider

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Consumer prices rose 0.2% in September from the previous month, according to the latest data, matching economists’ consensus prediction.

Excluding food and energy, however, prices rose only 0.1%, below economists’ consensus prediction for a 0.2% rise. In August, prices rose 0.1%.

The September numbers bring the year-over-year inflation rate to 1.2%, down from 1.5% in August — a result in line with expectations.

Year-over-year inflation of prices excluding food and energy fell to 1.7% in September from 1.8% in August.