Key Inflation Gauge Persists At A High 6.2%
View Source | October 29, 2022 3:45 am
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- Friday’s report from the Commerce Department on the personal consumption expenditures index (PCE) showed that prices rose 6.2% in September from 12 months earlier, the same year-over-year rate as in August.
- Excluding volatile food and energy costs, so-called core prices rose 5.1 percent from a year earlier last month.
- That’s also faster than the 4.9% annual increase in August, though below a four-decade high of 5.4 percent reached in February.
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