U.S. inflation for Sept. up 8.2% year over year

October 13, 2022 Sophia Flores CPI, economists, infl;ation, Labor Department, OAN Newsroom, US 0


CHICAGO, ILLINOIS - OCTOBER 13: Produce is offered for sale at a grocery store on October 13, 2022 in Chicago, Illinois. According to government data released today, the food at home index, a measure of grocery store prices, increased 0.7% in September from the month prior and saw a 13% increase over the last year. (Photo by Scott Olson/Getty Images)
Produce is offered for sale at a grocery store on October 13, 2022 in Chicago, Illinois. According to government data released today, the food at home index, a measure of grocery store prices, increased 0.6% in September from the month prior and saw a 13% increase over the last year. (Photo by Scott Olson/Getty Images)

OAN Newsroom
UPDATED 12:20 AM PT – Thursday, October 13, 2022

The consumer price index report for September is out and it is showing that inflation is up 8.2% from a year ago.

On Thursday morning, the Labor Department released the Consumer Price Index (CPI) report for September. Economists were expecting 8.1% year over year, but the results showed differently.

The CPI measures a range of prices for a typical basket of goods, and the latest report showed that inflation remains near its highest levels in more than 40 years.

Core inflation, which excludes food and energy prices, has increased by 0.6% from August. The Federal Reserve has taken an aggressive approach to raising interest rates to combat inflation. Inflation has enlarged grocery bills, rent and utility costs, and other expenses for citizens.





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