U.S. inflation picks up, ending five-month streak of misses

CONSUMER-PRICE INDEX rose 1.9 percent year over year. / BLOOMBERG FILE PHOTO/VICTOR J. BLUE
CONSUMER-PRICE INDEX rose 1.9 percent year over year, an increase that was above estimates. / BLOOMBERG FILE PHOTO/VICTOR J. BLUE
NEW YORK - Inflation may finally be getting back on track to reach the Federal Reserve’s goal, as the United States cost of living accelerated following a weak stretch, Labor Department data showed Thursday. Highlights of consumer price index (August) Consumer-price index increased 0.4 percent m/m (est. 0.3 percent gain) after 0.1 percent rise the…
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