Inflation accelerated in the United States in September, as the cost of housing and other necessities added pressure on households, wiping out wage gains for many and ensuring that the Federal Reserve would keep raising interest rates aggressively. On Thursday, the government said consumer prices rose 8.2% in September from a year earlier. On a monthly basis, prices rose 0.4% from August to September after rising 0.1% from July to August. However, with the exception of the volatile categories of food and energy, so-called core inflation jumped last month –…
Read MoreUS consumer inflation slowed to a still-high 8.2% over the past 12 months, keeping pressure on households!
