US Core Inflation Seen Returning to 40-Year High as Rents Rise

Posted on AllSides October 12th, 2022
From The Left

A key US inflation measure due Thursday is set to return to a four-decade high, underscoring broad and elevated price pressures that are pushing the Federal Reserve toward yet another large interest-rate hike next month.

The so-called core consumer price index that excludes food and energy is projected to rise 0.4% in September from the prior month and 6.5% from a year earlier, matching the rate seen in March that was the highest since 1982. But about a third of economists in a Bloomberg survey expect a print of 6.6%...

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https://www.bloomberg.com/news/articles/2022-10-12/us-core-inflation-seen-returning-to-40-year-high-as-rents-rise

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