A shopper at a grocery store. Photographer: Cole Burston/Bloomberg
U.S. consumer prices advanced at a brisk pace for a second month, reinforcing the Federal Reserve's intent to keep interest rates high in order to bring down inflation.
The so-called core consumer price index (CPI), which excludes food and energy costs, increased 0.3 percent in September, Bureau of Labor Statistics (BLS) data showed Thursday. Economists favor the core gauge as a better indicator of underlying inflation than the overall CPI. That measure climbed 0.4 percent, boosted by energy costs.
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