The U.S. annual inflation rate came in at 8.2 percent in September, down from 8.3 percent in August as energy costs ease from their highs, according to the latest data from the Bureau of Labor Statistics. This was higher than the market expectation of 8.1 percent.
On a monthly basis, the consumer price index (CPI) rose 0.4 percent.
The latest consumer prices data come after wholesale prices were higher than what economists had anticipated.
In September, the producer price index (PPI) rose 0.4 percent month-over-month, up from the 0.2 percent drop in August and higher than the market estimate of 0.2 percent. The annual PPI also eased at a slower-than-expected pace of 8.5 percent, higher than the market consensus of 8.4 percent….