Inflation Rose Faster Than Expected in September As Rent and Food Prices Surge

According to data released by the U.S. Labor Department on Oct. 13, the consumer price index (CPI), a key measure of inflation, rose 0.4% in September. The increase marks the second consecutive month of strong inflation. Over the course of a year, the CPI has risen 8.2%. Economists had only expected the CPI to rise .3% in September and 8.1% for the year.