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Key US inflation measure ticks up in August
Key US inflation measure ticks up in August
Business and Economy
by  AFP

The key US inflation measure used by the Federal Reserve to set interest rates ticked up again in August, fueled by rising energy prices, according to government data published Friday. Slowing core inflation is likely to be seen as a positive development among policymakers, since it indicates that prices are still heading in the right direction despite the recent rise in energy costs.