September CPI rises, energy price hikes driving inflation pressure
WFC Wells Fargo & Co
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View chart & analysis → - 1The US Bureau of Labor Statistics reported a 3.7% increase in the September Consumer Price Index.
- 2The core Consumer Price Index (core CPI) recorded a 2.6% increase in September.
- 3Mark Zandi said the overall report shows inflation is uncomfortably strong.
So what's the key point?
Prices rose by 3.7% in September, increasing inflationary pressure. This means prices rose more strongly than expected, which could make the situation uncomfortable.
Source CNBC · View original ↗
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