Economy News Extra Latest News Manufacturing Planning & Economic Development Political Economy Statistics

US Inflation Rises To 5.4% In September

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.

Spread the love

Leave a Reply

Your email address will not be published. Required fields are marked *