It’s at a 40-year high: US inflation exceeds expectations

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The US Bureau of Labor Statistics announced the Consumer Price Index (CPI) data for April. Annual inflation exceeded expectations in September and was 8.2 percent.

The US Bureau of Labor Statistics announced the Consumer Price Index (CPI) data for April. According to the data, annual inflation in the US in September exceeded expectations with 8.2 percent.

The monthly rifle was 0.4 percent from September. (Expectation 0.2 percent, previous 0.1 percent) Annual core CPI was 6.6 percent. (Expectation 6.5 percent, previous 6.3 percent)

According to the statement made by the Bureau, the biggest contribution to inflation in September was from housing, food and medical care. A 4.9 percent drop in gasoline prices partially offset this. The food index continued to rise, up 0.8 percent on the month.

 

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