Any Americans hoping for relief from months of punishing inflation might not see much in Thursday’s government report on price increases in September
FILE - The price of shrimp is displayed at a market in Philadelphia, Thursday, June 16, 2022. 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.
Core prices are estimated to have risen 0.4% from August to September, slower than the previous month but still a much faster pace than was typical before the pandemic. Measured over the past 12 months, core prices are forecast to have surged 6.5%, up from 6.3% in August. That's far above the 2% inflation that the Federal Reserve has long set as its target rate.
by The Associated Press-NORC Center for Public Affairs Research. Roughly 46% of people now describe their personal financial situation as poor, up from 37% in March. That sizable drop contrasts with the mostly steady readings that had lasted through the pandemic. Large retailers, too, have started offering early discounts for the holiday shopping season, after having amassed excess stockpiles of clothes, furniture and other goods earlier this year. Those price cuts might have lowered inflation in September or will do so in the coming months.on such items as toys, home goods, electronics and beauty. Target began offering holiday deals earlier this month.
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Live Data Coverage: September US Inflation ReportWe’ll discuss the impact of the September US inflation report on the US Dollar, gold prices, and US stocks starting at 8:15 EDT/12:15 GMT on Thursday, October 13, 2022. You can join live by watching the stream at the top of this note.
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