US inflation falls but still higher than expected

Summary by Ground News

Consumer prices rose at a faster pace than expected in September as inflation accelerated for the second-straight month, according to data released Thursday by the Labor Department. The consumer price index for the month increased 0.4% for the month, more than the 0.3% Dow Jones estimate, according to the Bureau of Labor Statistics. On a 12-month basis, so-called headline inflation was up 8.2%, off its peak around 9% in June but still hovering near the highest levels since the early 1980s.

Published 8 months ago · Washington, United States

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Times of India

US inflation pressures further intensified in September

Rising rental costs are a tricky issue for the Fed. Real-time data from websites such as ApartmentList suggest that rents on new leases are starting to decline. But the government's measure tracks all rent payments - not just those for new leases - and most of them don't change from month to month. Economists say it could be a year or longer before the declines in new leases feed through to government data.

8 months ago·Mumbai, India

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Reuters

Soaring rent, food costs keep U.S. inflation on front burner; labor market tight

U.S. consumer prices increased more than expected in September as rents surged by the most since 1990 and the cost of food also rose, reinforcing expectations the Federal Reserve will deliver a fourth straight 75-basis-point interest rate hike next month.

8 months ago·United Kingdom

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USA Today

Inflation eased to 8.2% but remained high in September, CPI report shows

While gas eased, a key measure of prices that excludes food and energy costs posted the biggest gain since 1982, the report showed.

8 months ago·United States

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Associated Press News

US inflation pressures further intensified in September

WASHINGTON (AP) — Inflation in the United States accelerated in September, with the cost of housing and other necessities intensifying pressure on households, wiping out pay gains that many have received and ensuring that the Federal Reserve will keep raising interest rates aggressively.

8 months ago·United States

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