Inflation Notches Fresh 30-Year High as Measured by Fed’s Favorite Gauge
- Headline inflation, including food and energy, rose at a 4.4% annual rate in September, the fastest since 1991.
- Core inflation, which is the Fed’s preferred gauge, increased 3.6% for the 12 months, the same as in August but still also the fastest pace in 30 years.
- Personal income declined at a faster pace than expected while consumer spending increased and was in line with forecasts.