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U.S. consumer prices rise 0.2 percent in August
Published in 18-10-2016
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WASHINGTON (AP) U.S. consumer prices edged up 0.2 percent in August as a surge in medical care offset flat readings for food and energy. The Fed raised rates by a quarter-point last December but since then, officials have held off on further rate hikes, reflecting concerns about sluggish economic growth and periodic turbulence in financial markets. The rise in core inflation in August was led by a record 0.9 percent rise in drug prices and a 0.9 percent jump in the cost of medical services such as doctor visits and hospital stays.