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US Inflation up Slightly, Raising Chance of Interest Rate Hike

A key measure of U.S. inflation rose slightly in October, boosting the chances the central bank will raise interest rates soon. A government report says prices gained two-tenths of one percent in September. Apart from energy and food, sectors with volatile price changes, U.S. consumer prices rose 1.9 percent over the past year — close to the Federal Reserve's target of two percent. Experts say a modest and consistent rate of inflation allows families and companies to better plan...

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