September Ends with U.S. Inflation Reaching 8.2%

Objectivity 4.6 | Credibility 4.8 | Relevance 4.9

As households are strained by the rising cost of housing and other necessities, U.S. inflation has accelerated to 8.2% in September. Excluding the volatility of food and energy prices, an increase of 6.6% in core inflation over the past 12 months shows that the aggressive moves by the Federal Reserve to fight inflation have not been effective.  According to the Fed’s September meeting minutes, it is projected that rates will be raised by an additional 1.25 percentage points over November and December, making the Fed’s key rates the highest in 14 years.