Even with increasing interest rates, we just can't seem to shake these skyrocketing inflation stats!
- Economists expect core inflation — which removes food and energy costs — to rebound in September.
- The median forecast sees the one-year rate rising to 6.5%, matching the 40-year high seen in March.
- An increase would make it even harder for the Fed to fight inflation without pulling the US into a recession.
The battle against inflation in the US is far from over, and incoming data is expected to show a difficult slog ahead.
The government is slated to publish Consumer Price Index data for September on Thursday morning, and forecasts aren't encouraging. The core measure — which strips out volatile food and energy prices — is expected to come in at a 0.5%, according to a Bloomberg survey of economists. The gauge is also expected to climb to a 6.5% year-over-year pace. Should the projection prove correct, that will place core inflation back at the March peak and the fastest pace since 1981.
MSN
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