NEW inflation numbers reveal consumers are paying more.
Inflation has creeped up by 0.2% in September, according to fresh data by the US Bureau of Labor Statistics.
September inflation is up by 0.2%[/caption]
The US Bureau of Labor Statistics released the September consumer price index (CPI) on Thursday morning.
Last month, CPI rose by 0.2% on a seasonally adjusted basis, matching the increase seen in July.
The August increase was the smallest 12-month increase since February 2021.
The steady inflation data helped shape the Federal Reserve’s decision to cut rates by an unusually large half-point in September.
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