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Economic Report: Gas, housing drive fastest rise in inflation in five months

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The prices of most good purchased by Americans are barely rising with notable exceptions of health care and rent. In September consumer inflation climbed 0.3%.

WASHINGTON (MarketWatch) — More expensive gas and rising housing costs boosted consumer inflation in September by the largest amount in five months, the government said Tuesday.

The consumer price index climbed 0.3% last month, the government said Wednesday. That matched the forecast of economists polled by MarketWatch.

The cost of shelter — rent, new homes and previously owned homes — rose at the fastest pace since May. Energy prices, mainly gas, also posted the biggest increase since early spring.

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