WASHINGTON, Sept. 16. - Consumer prices in the U.S. rose faster than expected in August against July by an acceleration in gasoline costs, data showed on Wednesday the Government, although the underlying trend pointed to contained inflation.
The Labor Department said its consumer price index (CPI) rose 0.4 percent last month, slightly above market expectations of a rise of 0.3 percent.
Gasoline prices rose 9.1 per cent stronger after falling 0.8 percent in July. Compared with the same period in 2008, consumer prices fell 1.5 percent. Prices have been falling on the year since March this year.
Excluding volatile food prices and energy, core inflation measured by consumer rose 0.1 percent in August after a similar increase of 0.1 percent in July.
This was because the prices of new cars fell 1.3 percent, the steepest decline since October 1972.
This in turn reflected the incentives promoted by the Government, which offered discounts to customers to change their old cars for new ones, with a more efficient use of fuel.
The markets anticipated core CPI to an increase of 0.1 percent last month.
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