share_log

The Fed's Favorite Inflation Metric Ticked Higher Again

Moomoo News ·  Oct 28, 2022 08:57  · Headlines

The core rate of inflation in the past 12 months climbed to 5.1% from 4.9%. That leaves it just a few ticks below a 40-year high of 5.4% in February.

The overall rate of inflation in the past year was unchanged at 6.2% compared to the prior month.

logo

A key gauge of U.S. inflation rose a mild 0.3% in September, aided by the lower cost of gas. Yet prices are still going up even if they aren't climbing as fast as they were earlier in the year.

Another measure of inflation that omits volatile food and energy costs rose a sharp 0.5% last month. Wall Street had forecast a 0.5% increase in the so-called core personal consumption expenditures price index.

logo

Source: MarketWatch

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment