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Inflation accelerated in September, with consumer prices rising 5.4%

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Inflation accelerated in September, with consumer price pressures across America showing no signs of easing before the all-important holiday shopping season.

Consumer prices rose 5.4% from a year ago, slightly faster than their 5.3% increase in the previous month. Core inflation – which excludes volatile food and energy costs – rose 4.0%, as in August.

The price index rose for new vehicles, auto insurance and furniture, while it slowed for air fares, clothing, and used cars and trucks.

It is the fastest rate of inflation in 13 years, matching the pace fixed in july.

This is a developing story.

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