Inflation rises more than expected in September as high prices persist – By Megan Henney (FOX Business) / Oct 12, 2023
Inflation jumps 0.4% in September, more than expected
Inflation rose more than expected in September thanks to a jump in food and housing costs, underscoring the challenge of taming price pressures within the economy.
The Labor Department said Thursday that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, rose 0.4% in September from the previous month, a slight improvement from August but still more than expected.
Prices climbed 3.7% from the same time last year, matching the August reading and coming in slightly higher than the 3.6% projected by Refinitiv economists.
Excluding the more volatile measurements of food and energy, so-called core prices increased 0.3% for the month and 4.1% on an annual basis, in line with expectations
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