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UK inflation accelerates to 40-year high as food prices rise
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UK inflation accelerates to 40-year high as food prices rise

LONDON (AP) — British food prices rose at the fastest pace since 1980 last month, driving inflation back to a 40-year high and heaping pressure on the embattled government to balance the books without gutting help for the nation’s poorest residents. Food prices jumped 14.6% in the year through September, led by the soaring cost...

Here’s the inflation breakdown for September 2022 — in one chart
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Here’s the inflation breakdown for September 2022 — in one chart

Inflation was a bit hotter than expected in September, with monthly gains fueled primarily by housing, food and medical care, the U.S. Bureau of Labor Statistics said Thursday. Inflation measures how quickly the prices consumers pay for a broad range of goods and services are rising. The consumer price index, a key inflation barometer, jumped...

White House tries to find the silver lining in tough inflation report
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White House tries to find the silver lining in tough inflation report

CNN  —  The White House tried on Thursday to give another rough economic report a positive spin, saying that there’s indicators of progress in newly released inflation numbers – even as the Federal Reserve is expected to respond by aggressively raising interest rates once again. The September Consumer Price Index report, which measures the changes...

Consumer price index September 2022:
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Consumer price index September 2022:

Prices consumers pay for a wide variety of goods and services rose more than expected in September as inflation pressures continued to weigh on the U.S. economy. The consumer price index increased 0.4% for the month, more than the 0.3% Dow Jones estimate, according to the Bureau of Labor Statistics. On a 12-month basis, so-called...

Social Security COLA will be 8.7% in 2023, highest increase in 40 years
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Social Security COLA will be 8.7% in 2023, highest increase in 40 years

Azmanjaka | E+ | Getty Images Amid record high inflation, Social Security beneficiaries will get an 8.7% increase to their benefits in 2023, the highest increase in 40 years. The Social Security Administration announced the change Thursday. It will result in a benefit increase of more than $140 per month on average starting in January....

Surging prices show the Fed must continue its tough battle against inflation
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Surging prices show the Fed must continue its tough battle against inflation

Minneapolis CNN Business  —  A key inflation report showed consumer prices came in hotter than expected in September, punishing Americans and giving license to the Federal Reserve to maintain its pace of historic rate hikes. On a monthly basis, overall consumer prices increased by 0.4% from August, according to data released Thursday by the Bureau...

Little sign of relief expected in September inflation data
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Little sign of relief expected in September inflation data

WASHINGTON — Any Americans hoping for relief from months of punishing inflation might not see much in Thursday’s government report on price increases in September. Lower gas prices will probably reduce overall consumer inflation for a third straight month. But measures of “core” inflation, which are closely watched because they exclude volatile food and energy...

Little sign of relief expected in September inflation data
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Little sign of relief expected in September inflation data

WASHINGTON — Any Americans hoping for relief from months of punishing inflation might not see much in Thursday’s government report on price increases in September. Lower gas prices will probably reduce overall consumer inflation for a third straight month. But measures of “core” inflation, which are closely watched because they exclude volatile food and energy...