Inflation Rose Slightly More Than Expected In September, With Consumer Prices Up 5.4% From A Year Ago

Topline Consumer prices in the U.S. rose 0.4% in September from the previous month, according to the Labor Department, marginally outpacing forecasts, with prices up a sharp 5.4% over the past 12 months. Gasoline prices are up more than 42% compared with this point last year, according to the Labor … [+] Department. getty Key Facts The 0.4% increase was slightly ahead of a Dow Jones estimate for a 0.3% rise in consumer prices and is a slight acceleration in inflation over August, when prices went up by 0.3%. Energy prices were a key contributor, with the price of gasoline rising 1.2% in September and fuel oil prices surging 3.9%. Gasoline prices are now up 42.1% compared to 12 months ago, accor… Click below to read the full story from Forbes
Read More