US CPI inflation remains high

inflation-road-sign

The US Bureau of Labor Statistics reported a slight deceleration in year-on-year consumer price index inflation for September, to 8.2%, down from 8.3% in August.

Core CPI inflation rose 6.6% year-on-year, up from 6.3% the previous month, the BLS said.

Energy prices declined for the third month in a row, and gasoline prices fell nearly 5%. Gasoline prices fell by almost 21% in the third quarter. However, year-on-year energy price inflation was still 19.8% in September.

The OPEC+ group of oil

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