Inflation Gauge Nears Pre-Pandemic Levels
This is a news story, published by Global News, that relates primarily to Fed news.
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•Inflation gauge closely watched by U.S. Fed nears pre-pandemic levels - National | Globalnews.ca
77% Informative
Prices rose just 2.1% in September from a year earlier , down from a 2.3% rise in August .
That is barely above the Fed ’s 2% inflation target and is in line with readings in 2018 .
On a monthly basis, prices inched up 0.2% from August to September , up slightly from July to August .
Yet some signs of inflation pressures remained.
Excluding volatile food and energy costs, so-called core prices rose 2.7% from September .
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