The cost of goods and services increased 0.6% from August to September and 3.7% compared to the same time last year, the Bureau of Labor Statistics reported Wednesday.Economists surveyed by Dow Jones expected gains of 0.6% and 3.6%, respectively, according to CNBC.
Annualized inflation was 3.4% in September.
The price of gasoline increased 9.1% in September, contributing largely to the overall index increase, the BLS report shows.
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