The rate of inflation rose by 0.4% in September, and remains well above its benchmark target of 2%, making the prospect of continued 'jumbo' interest rate hikes more likely.
The rate of inflation rose by 0.4% in September, and remains well above its benchmark target of 2%, making the prospect of continued"jumbo" interest rate hikes more likely.
The year-over-year rate of inflation is now 8.2%, down from its June peak of 9.1%, according to the Labor Department'sThat is slightly higher than many forecasts, includingThe prices for core goods continue to rise steadily, increasing by 0.6%, which is the same rate as the previous month. Core goods is a measure of all items except food and energy prices, which tend to be more volatile.
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