The United States inflation, as measured by the Consumer Price Index (CPI), rose to 5.4% on a yearly basis in September from 5.3% in the preceding month.
The US Bureau of Labor Statistics reported on Wednesday the upswing in the general price level aligned with analysts’ estimates.
On a monthly basis, the CPI edged higher to 0.4% from 0.3%.
Further details of the publication indicated that the annual Core CPI, which excludes volatile food and energy prices, remained unchanged at 4% as analysts had predicted.
Already, the initial reaction has reflected in the US Dollar Index which netted off a part of its daily losses, losing 0.13% on the day at 94.39.