U.S. core inflation trails estimates as used-car prices tumble

THE UNITED STATES consumer price index slowed to a 2.3 percent annual gain, the least since February. / BLOOMBERG NEWS FILE PHOTO/ MICHAEL NAGLE
THE UNITED STATES consumer price index slowed to a 2.3 percent annual gain, the least since February. / BLOOMBERG NEWS FILE PHOTO/ MICHAEL NAGLE
NEW YORK - A gauge of underlying United States inflation was below estimates in September as used-vehicle costs fell and housing rents cooled, signaling that price gains may remain close to where Federal Reserve policy makers want them amid an outlook for continued gradual interest-rate hikes. Excluding volatile food and energy costs, the core consumer…
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