Inflation Rises Across Key Economic Indicators
The U.S. inflation rate continued to rise across multiple key indicators, with year-over-year all-items CPI reaching 3.7% in September. This marks a significant increase of over 30% since the beginning of 2020. The core services CPI rose by 0.37%, or 4.5% annualized, while the core goods CPI increased by 0.25%, or 3.1% annualized—the largest monthly gain in nearly two years. The all-items CPI spiked by 0.65% month-to-month (8.1% annualized), reflecting broad-based inflationary pressures across energy and food sectors, as well as services. These figures suggest persistent upward pressure on consumer prices despite ongoing economic policy adjustments aimed at curbing inflation.
Topics: CPI economic data inflation