Inflation accelerated in September, with consumer prices growing 5.4%
CBSN
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.
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