The pace of US consumer price growth ticked higher in September, hovering at a 13-year high as inflationary pressures persisted amid intensifying supply-chain bottlenecks even while several pandemic-affected sectors saw some relief.
The consumer price index (CPI) published by the Bureau of Labor Statistics on Wednesday rose 5.4 per cent in September from a year ago, slightly higher than the annual increase reported for August. Analysts had expected a 5.3 per cent increase.
On a monthly basis, prices climbed 0.4 per cent, up from the 0.3 per cent rise in the previous period.
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