Inflation of 5.4 percent was also recorded in June and July, the highest level since 2008. The figure for September was higher than expected.
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The price increases are well above the target of the US central bank, which aims for 2 percent inflation. However, according to the bank, there is no cause for concern and this is a temporary phenomenon due to the high energy prices after the corona crisis. For example, energy was a quarter more expensive in September than last year. On a monthly basis, inflation in the US was 0.4 percent, which was also higher than expected.
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In general, prices for groceries, gasoline, heating oil and the costs of rent and furniture rose. Prices for cars, air fares and clothing, on the other hand, decreased. “It looks like some of these challenges will stay with us longer, at least for the rest of this year,” said Omair Sharif, founder of the company Inflation Insights LLC.
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