Higher gas prices lift Fed's preferred inflation gauge but underlying price pressures remain mild

As shoppers wait in the background, a woman looks at Apple's new iPhone 15 at an Apple Store in Los Angeles, Friday, Sept. 22, 2023. On Friday, the Commerce Department issues its August report on consumer spending. (Jae C. Hong, AP File)

As shoppers wait in the background, a woman looks at Apple's new iPhone 15 at an Apple Store in Los Angeles, Friday, Sept. 22, 2023. On Friday, the Commerce Department issues its August report on consumer spending. (Jae C. Hong, AP File)

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