US CPI inflation rises to 5.4%

inflation

The US Bureau of Labor Statistics reported today (October 13) that consumer price index inflation reached 5.4% in September, a slight increase on August’s figure of 5.3%.

The bureau said higher food and housing prices produced more than half the increase. Its release also cited higher energy prices.

Personal consumption expenditure (PCE) inflation – the Federal Open Market Committee’s preferred measure – came to 4.3% in August, according to the Bureau of Economic Analysis. Richard Clarida, the

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