Inflation In September Ran Hotter Than Expected

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Americans paid more money in September than expected, according to the Bureau of Labor Statistics. The consumer price index (CPI) rose 0.4% month-to-month (MoM), which was slightly higher than the Dow Jones 0.3% MoM estimate. Year-over-year (YoY) inflation jumped to 8.2%, approaching all-time highs of the 1980s. Core CPI, which excludes energy and food prices, jumped 0.6% MoM and 6.6% YoY. This is the largest yearly gain since the inflationary era of the early 1980s. Q3 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorEach advisor has been vetted by SmartAsset an…

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