Consumer prices rose sharply in September.
\n\nThe consumer price index rose 0.6 percent in September compared with August, driven higher by rising gasoline prices, the Labor Department said Wednesday. Over the year, the consumer price index is up 3.7 percent.
\n\nCore prices, a measure that excludes food and energy prices, rose 0.3 percent in September. Compared with a year ago, core prices are up 2.6 percent. That is a decline in year-over-year core inflation from last month’s 2.5 percent.
\n\nEconomists had forecast CPI would increase by 0.6 percent from the prior month and 3.7 percent from a year ago. Core prices were expected to rise 0.2 percent for the month and 5.2 percent over the past 12 months.
\n\nGas prices rose 9.1 percent in September, which the Labor Department said accounted for over half of the monthly headline increase. The energy index increased 5.2 percent over the month following a 2.1-percent increase in August. For the year, energy prices are up 20.4 percent.
\n\nThere was some good news for consumers in the grocery aisle. The index for food at home fell 0.1 percent. Prices for dining out rose 0.2 percent.
\n\nElectricity prices rose 0.2 percent in September after falling 0.2…
Original source: https://www.breitbart.com/economy/
