Key Points
Inflation accelerated again in September
- The consumer price index (CPI) grew at an 8.1% seasonally adjusted annualized rate (SAAR), up from 4.9% in August. This is the fastest pace of price growth seen since March.
- Core inflation, which excludes volatile food and energy components, grew at a 4.1% SAAR.
- Core inflation is more moderate on a quarter annualized basis, though going forward energy price increases would be expected to pass through to certain core components.
- The CPI for energy has risen by over 7% since July and is currently near peak levels.
Core Consumer Price Index Inflation
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