Prices Jumped 5.4 Percent in September over Last Year

www.nationalreview.com
3 min read
fairly easy
The increase was largely due to a jump in food and energy prices, which are typically more volatile.
Doug Hassebroek picks up an item at the grocery store, separated from cashiers by sheets of plexiglass during the coronavirus outbreak in Brooklyn, N.Y., March 28, 2020. (Caitlin Ochs/Reuters)

Consumer prices rose 5.4 percent in September compared with a year ago and 0.4 percent from the month before, according to data released Wednesday by the Labor Department.

The rise was slightly higher than experts expected as economists surveyed by Dow Jones predicted a 5.3 percent year-over-year increase in September and a monthly increase of 0.3 percent in the Consumer Price Index, which tracks inflation.

Advertisement

Advertisement

While the monthly increase was below the 0.9 percent spike seen in June, it…
Brittany Bernstein
Read full article