Consumer prices rose 0.4 percent in September and 5.4 percent in the year leading into last month, according to data released Wednesday by the Labor Department.
The consumer price index (CPI), which tracks inflation, rose at a slightly faster rate than expected last month largely due to sharp increases in food and energy prices, which are typically more volatile. Economists expected the CPI to rise 0.3 percent last month.
The CPI without food and energy prices, known as “core inflation,” rose 0.2 percent last month, in line with expectations.
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