The Consumer Price Index showed prices in September rose 8.2% year-on-year, a slight decline from 8.3% in August but worse than economists expected. Excluding food and energy, core CPI rose 6.6.%, the highest in forty years.
. The last three have been historically rare 75 basis point increases. Fed officials have indicated that attacking inflation is the priority even if the country tips into recession.On a monthly basis, prices rose 0.4 percent in September from August, after rising 0.1 percent in August, the U.S. Bureau of Labor Statistics said Thursday. The energy index fell 2.1 percent over the month as the gasoline index declined, offset in part by higher natural gas and electricity. The food index rose 0.
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