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Consumer Prices Up, Led By Energy

The new Consumer Price Index just came out, and it shows overall prices rose 0.4 percent in August, slightly higher than economists were expecting.

The core index, all items except food and energy, rose just 0.1 percent last month. The slight increase shows inflation maybe re-entering the economy, but not at the rate some investors were expecting.

Energy prices rose 4.6 percent last month, led by gasoline which climbed 9.1 percent. Food prices rose 0.1 percent, while new vehicle prices fell 1.3 percent.