Inflation accelerated in September, with consumer prices growing 5.4%

Inflation accelerated in September, with consumer price pressures across America showing no sign of easing ahead of the all-important holiday shopping season.

Consumer prices increased 5.4% from the year-ago period, slightly faster than their 5.3% increase the previous month. Core inflation — which strips out volatile food and energy costs — grew 4.0%, the same as in August.

The price index rose for new vehicles, car insurance and home furnishings, while slowing for airline fares, apparel and used cars and trucks.