Inflation Remains High in September, Rising 0.4% on Broad-Based Price Increases – By Tim Smart (US News) / Oct 13, 2022
A drop in gasoline could not offset the higher prices for a variety of necessities.
Consumer prices rose 0.4% in September, showing inflation is providing a stubborn problem for the Federal Reserve, the Bureau of Labor Statistics reported on Thursday.
Overall inflation rose at an annual rate of 8.2%, following August’s 8.3% increase, while core inflation that excludes energy and food costs rose 0.6% for the month and 6.6% for the year.
Food, medical costs and housing drove overall prices higher, offset somewhat by a drop in the price of gasoline.
The consumer reading comes a day after wholesale inflation was seen to rise 0.4% in September and 8.5% for the 12-month period.
