Posted 10/12/2023, 12:45:00 PM

Inflation Remains High as Consumer Prices Rise More Than Expected in September

Consumer Price Index rose 3.7% annually in September, slightly above expectations
Shelter costs accounted for over half of the monthly CPI increase
Food inflation matched overall inflation rate of 3.7% for the first time since early 2022
Core CPI (excluding food and gas) cooled for 6th straight month, rose 4.1% annually
Federal Reserve looking for signs of declining inflation but it remains above target levels

cnn.com