The consumer price index in the US rose 5.4 percent year-on-year in September. The expectation was for the increase to be 5.3 percent. Core indicators, on the other hand, came in line with expectations.
Inflation in the US increased by 0.4 percent on a monthly basis. The expectation for this data was announced as 0.3 percent. Core indicators, on the other hand, came in line with expectations.
INFLATION EXCLUDING FOOD AND ENERGY 4 PERCENT
Accordingly, inflation excluding food and energy is 0.2 percent on a monthly basis; was 4 percent annually.
Aside from the ongoing coronavirus epidemic in the US, logistical difficulties, raw material shortages, high commodity prices and rising wages have driven up costs for manufacturers.
While many manufacturers reflect cost pressures on consumers, many economists, including some US Federal Reserve members, began to expect inflation to be more permanent.
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