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Dollar gains after US inflation data

By Reuters Newsan hour ago Updated

By Laura Matthews

NEW YORK, Oct 14 (Reuters) - The US dollar rose against major currency peers on Wednesday, after data showing US inflation data showed consumer prices increased in September on higher gasoline costs, raising the prospects of an interest-rate hike later this month.

The Consumer Price Index rose 0.6% last month after climbing 0.4% in August, the Labor Department's Bureau of Labor Statistics said on Wednesday. In the 12 months through September, the CPI advanced 3.7% after rising 3.4% in August.

The dollar was last up 0.28% against the yen at 158.74, while the index, which tracks the currency against six peers , was last up 0.44% at 102.62.

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