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U.S. Inflation Sticky as CPI Prints at 8.2%


cryptobriefing.com 13 October 2022 12:35, UTC
Reading time: ~2 m

Inflation has now cooled for three consecutive months. 

U.S. Inflation Hits 8.2% 

U.S. inflation keeps falling—but it’s still running hotter than the Federal Reserve would like. 

The Bureau of Labor Statistics dropped the latest Consumer Price Index report Thursday, showing that inflation cooled by 10 basis points in September. 

The price of goods rose by 8.2% on a yearly basis last month, falling in line with economists’ expectations of a cool-off. On a monthly basis, the CPI rose by 0.5%. 

It’s the third consecutive monthly decline in U.S. inflation, following a 40-year record high reading of 9.1% in June 2022. 

This story is breaking and will be updated as further details emerge. 

Disclosure: At the time of writing, the author of this piece owned ETH and several other cryptocurrencies. 

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