A customer shops in a grocery store in Houston. Photographer: Brandon Bell/Getty Images
Underlying U.S. inflation ran at a faster-than-expected monthly pace in August, leaving the door open for additional interest-rate hikes from the Federal Reserve.
The so-called core consumer price index (CPI), which excludes food and energy costs, advanced 0.3 percent from July, marking the first acceleration since February, Bureau of Labor Statistics (BLS) data showed Wednesday. From a year ago, it has increased 4.3 percent, in line with estimates and marking the smallest advance in nearly two years.
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