Monday , March 20 2023

Consumer prices in the United States rose sharply in September, writes Reuters


WASHINGTON (Reuters) – Consumer prices in the US rose sharply in September and are expected to continue to rise in the coming months amid rising energy prices, calling into question the Federal Reserve’s view that high inflation is temporary.

The U.S. Department of Labor said Wednesday that the consumer price index, which excludes volatile foods and energy, rose 0.4 percent last month, after rising 0.3 percent in August.

The core CPI rose 5.4 percent year-on-year after advancing 5.3 percent in August.

The consumer price index rose 0.2 percent after rising 0.1 percent in August, the lowest increase in six months. The core CPI rose 4 percent year-on-year after rising the same rate in August.

Economists polled by Reuters expected the general consumer price index to rise 0.3 percent and the base index 0.2 percent.

(Prepared by Suha Jado for Arabic Messenger)

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