United States: Inflation continues to increase in September
October 13, 2020
Consumer prices rose 0.20% over the previous month in September, weaker than August’s 0.37% rise. The softer increase in consumer prices was mainly due to a smaller rise in prices for energy, transport and shelter.
Inflation ticked up to 1.4 in September, from 1.3% in August. Meanwhile, core inflation was stable at August’s 1.7% in September. The core personal consumption expenditures price index—a gauge of household spending closely tracked by the Fed—accelerated to 1.4% in August, the latest month for which data is available, from 1.1% in July and moved slightly closer to the Fed’s 2.0% target.
Author: Steven Burke, Economist