Posted by
alfredlester on Friday, September 17, 2010 6:06:50 PM
Filed at 8:42 a.m. ET
WASHINGTON (Reuters) - Consumer prices increased slightly more than expected in August as food prices rebounded and energy costs remained elevated, but core prices were flat, a government report showed on Friday.
The Labor Department said its seasonally adjusted Consumer Price Index rose 0.3 percent after rising 0.3 percent in July.
Analysts polled by Reuters had forecast consumer prices gaining 0 kerosene heater.2 percent last month. In the 12 months to August, the CPI rose 1.1 percent after a 1.2 percent increase the prior month. The increase was in line with market expectations.
(Reporting by Lucia Mutikani; Editing by Andrea Ricci)
Consumer Prices Up, But Core Inflation Flat