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Halloween candy is for sale at a Harris Teeter grocery store on October 17, 2022 in Washington, DC.
Drew Angerer | Getty Images
An economic gauge that the Federal Reserve follows closely showed that inflation stayed strong in September but mostly within expectations, the Bureau of Economic Analysis reported Friday.
The core personal consumption expenditures price index increased 0.5% from the previous month and accelerated 5.1% over the past 12 months, the report showed. The monthly gain was in line with Dow Jones estimates, while the annual increase was slightly below the 5.2% forecast.
Including food and energy, PCE inflation rose 0.3% for the month and 6.2% on a yearly basis, the same as…
Source cnbc.com
