The Consumer Price Index increased 0.4% in September, bringing the key inflation indicator’s year-over-year increase to 5.4%, the U.S. Bureau of Labor Statistics announced Wednesday.
The year-over-year 5.4% inflation figure is an increase from August’s 5.3%, and September’s figure represents the highest year-over-year inflation increase since January 1991, according to CNBC. The 5.4% increase in the CPI is slightly above the 5.3% economists estimated.
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