In September, a carefully watched indicator of US consumer prices increased more than expected and reached a 40-year high, putting pressure on the Federal Reserve to increase interest rates even more quickly in order to combat persistent inflation.
According to Labor Department figures released last week, the core consumer price index which excludes food and energy rose 6.6% from a year earlier, reaching its highest level since 1982.
The core CPI increased 0.6% from one month prior for a second consecutive month. Last month, the overall CPI grew by 0.4% and was 8.2% higher than a year before.
