India, Oct. 29 -- US inflation rose in September as consumers paid more for gasoline and other goods. The rise strengthened economists' expectations that the Federal Reserve (Fed) could increase interest rates in December.

The Personal Consumption Expenditures (PCE) Price Index, which measures changes in the prices of goods and services, increased by 0.5% in September. It had risen by 0.3% in August. The September increase was in line with economists' expectations, according to the Commerce Department's Bureau of Economic Analysis (BEA), as noted by Reuters.

US PCE inflation rose by 3.6% in the 12 months through September, up from 3.4% in August. This was higher than the Federal Reserve's 2% inflation target.

Core PCE inflation, which ...