#cpiwatch
The latest US Consumer Price Index report shows annual inflation rose to 3.7% in September. Higher oil prices drove energy costs up, pushing overall consumer prices higher than expected. While food prices remained stable, gasoline jumped sharply. Core inflation, which excludes volatile items like food and energy, showed steady signs near 2.5%. Financial markets reacted quickly to the data, as investors now watch how the Federal Reserve will adjust interest rates at its upcoming meeting.
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