By Hannah Lang and Samuel Indyk
NEW YORK/LONDON (Reuters) -The U.S. dollar was lower on Friday after fresh U.S. inflation data showed that U.S. consumer prices increased slightly less than expected in September, keeping the Federal Reserve on track to cut interest rates again next week.
The Consumer Price Index rose 0.3% last month after climbing 0.4% in August, the Labor Department’s Bureau of Labor Statistics said on Friday. Economists polled by Reuters had forecast the CPI increasing 0.4% and rising 3.1% year-on-year.
The U.S. dollar index was last down 0.078% at 98.86, after earlier falling as much as 0.2%.
(Reporting by Hannah Lang in New York and Samuel Indyk in London; additional reporting by Ankur Banerjee in Singapore; Editing by Alex Richardson Hugh Lawson and Nick Zieminski)
