The central bank appears on course to raise interest rates in December but is "monitoring inflation developments closely."
The National Association of Home Builders index falls 3 points but "builder confidence is still on very firm ground."
Sales unexpectedly fell 0.2% last month and economists are trimming GDP growth forecasts for Q3 because of the effects of Hurricane Harvey.
The gain in the CPI was the largest since January and may influence the Federal Reserve's decision-making next week on interest rates.
The gain in the PPI was the largest in four months but "is unlikely to assuage Federal Reserve policymakers' concerns about low inflation."
Original equipment makers, tech companies, and suppliers are vying for control of the auto's “center stack,” which customers may value more than…
The increase was less than expected but is unlikely to sit well with an administration that is seeking to cut the deficit.
But unemployment remains just shy of a 16-year low and economists believe last month's job numbers may only be a temporary blip.
The economy grew at the fastest pace in more than two years but economists don't expect full-year growth to meet President Trump's 3% target.
The Conference Board's index rose to its second-highest level of the year despite economists' expectations of a drop.