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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
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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.