Key inflation report: Prices aren't coming back to earth anytime soon
US inflation remains much higher than anyone would like -- consumers, the White House, the Federal Reserve... In September, prices stayed high, returning to a 13-year peak after dipping a bit in August.
Posted — UpdatedConsumer price inflation -- one of the key inflation indicators -- rose 0.4% in September, faster than in August but slower than in previous months, the Bureau of Labor Statistics reported Wednesday.
Inflation stood at 5.4% in the 12-month period ended in September. Stripping out food and energy costs, which tend to be more volatile, prices rose 4% over the same period, the same rate as in August.
America's annual inflation rate is the highest since the summer, which had matched the highest annual inflation rate since 2008.
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