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Core US Consumer Prices Climb to Highest Since 1982
Posted
October 13, 2022
Views
851
Likes
10
Engagement
1.18%
October 13, 2022
851
10
1.18%
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1:26Now PlayingA closely watched measure of US consumer prices rose by more than forecast to a 40-year high in September, pressuring the Federal Reserve to raise interest rates even more aggressively to stamp out persistent inflation.
The core consumer price index, which excludes food and energy, increased 6.6% from a year ago, the highest level since 1982, Labor Department data showed Thursday. From a month earlier, the core CPI climbed 0.6% for a second month.
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