US Consumer Prices Slowed in September For The Fourth Consecutive Month

Consumer prices in the United States rose in September for the fourth month in a row but at a slower pace amid noticeable weakness in the economy as it gradually recovered from recession due to the Covid-19 pandemic.

The US Labor Department said on Tuesday that its consumer price index rose 0.2% last month, after gaining 0.4% in August.

The index advanced 0.6% in June and July, following a decline in the previous three months as a result of the suspension of activities to contain the outbreak of Corona, which affected demand.

In the 12 months to September, the index rose 1.4%, after a 1.3% increase in August. Economists polled by Reuters had expected the index to rise 0.2 in September and 1.4% year on year.