“No ease in inflationary pressures” evident in latest US CPI report

13 October 2022

 

Summary: US CPI up 0.4% in September, more than expected; “core” rate up 0.6%; core inflation highest in 40 years, “no ease in inflationary pressures”; Treasury yields up during volatile day, rate rise harden noticeably; non-energy services main driver, adds 0.46 ppts. The annual rate of US inflation as measured by changes in the consumer price index (CPI) halved from nearly 3% in the period from July 2018 to February...

read full story