US consumer prices up slight 0.1 percent in September

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US consumer prices up slight 0.1 percent in September

| WASHINGTON (AP) – Consumer prices edged up a slight 0.1 percent in September as energy prices retreated after a big gain in August. The Labor Department says that the September gain in its closely watched consumer price index followed a 0.2 percent rise in August.

It was the smallest monthly gain since June. For the 12 months ending in September, consumer prices were up 2.3 percent. Core inflation, which excludes volatile energy and food costs, rose 0.1 percent in September, the same level as in August.

It is up 2.2 percent over the past year. Inflation has been on a slight rise this year after a prolonged stretch when prices kept falling below the 2 percent target set by the Federal Reserve.

FILE- In this Oct.

1, 2018, file photo customers walk down an aisle at Crest Foods in Oklahoma City. On Thursday, Oct.

11, the Labor Department reports on U.S. consumer prices for September. (AP Photo/Sue Ogrocki, File)

FILE- In this May 25, 2018, file photo prices for the three grades of gasoline light up the pump at a Shell station in southeast Denver. On Thursday, Oct.

11, the Labor Department reports on U.S. consumer prices for September. (AP Photo/David Zalubowski, File)

US consumer prices up slight 0.1 percent in September

FILE- In this Oct.

3, 2018, file photo Sophia Narvaez, looks at Halloween decorations at a Target department store in Pembroke Pines, Fla. On Thursday, Oct.

11, the Labor Department reports on U.S. consumer prices for September. (AP Photo/Brynn Anderson, File)

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