US Inflation Still Elevated, Price Increase Higher Than Expected: Analyst

Don Ma
By Don Ma
October 12, 2023NTD Business

In a recent report from the Labor Department, the consumer price index edged up by 0.4 percent last month, signaling a continued trend of rising costs for consumers. Over the past year through September, the CPI surged by 3.7 percent, with core prices, excluding food and energy, showing a year-on-year increase of 4.1 percent in September, highlighting the ongoing challenges faced by consumers in an inflationary environment.

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