US CPI inflation rises to 5.4%
Prices continue upward climb, but policy-makers still see pressures as temporary
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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