Skip to content
Economics

Core US Inflation Rises to 40-Year High, Securing Big Fed Hike

  • Prices excluding food and energy increased 6.6% from year ago
  • Shelter, food and medical care contribute most to broad rise
Bloomberg business news
Core US Inflation Climbs to Highest Since 1982
Updated on

Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.

A closely watched measure of US consumer prices rose by more than forecast to a 40-year high in September, pressuring the Federal Reserve to raise interest rates even more aggressively to stamp out persistent inflation.