Economy

US Consumer Prices Surge Higher Than Expected, Hit 13-Year High

US Consumer Prices Surge Higher Than Expected, Hit 13-Year High
Customers shop for produce at a supermarket in Chicago on June 10, 2021. Scott Olson/Getty Images
Andrew Moran
|Updated:

Consumer prices rose by more than expected in September as food and energy costs surged, new government data show.

According to the latest Bureau of Labor Statistics (BLS) data, the annual inflation rate climbed to a 13-year high of 5.4 percent in September, coming in higher than the median estimate of 5.3 percent.
Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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