INFLATION EASED TO 8.2% IN SEPTEMBER, CORE INDEX REACHES NEW 4-DECADE HIGH

Key Points:

  • The Consumer Price Index (CPI) rose 0.4% in September after rising 0.1% in August.
  • CPI increased 8.2% from a year ago, down from 8.3% in July.
  • Consensus among economists was an 8.1% increase.
  • The rate of price increases remained above 5% for the sixteenth straight month.
  • The core CPI, which excludes food and energy, rose 0.6% in September and is up 6.6% from the previous year – a new 4-decade high dating back to August 1982.
  • The energy index is up 19.8% and the food index is up 11.2% from the previous year.
  • The Right Facts will continue to monitor CPI.
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