Inflation rose faster than expected last month, and more broadly than expected, with price pressures extending well beyond the pump, new Bureau of Labor Statistics data showed Wednesday.
The latest Consumer Price Index showed that prices rose 0.6% in September from the month before, bringing the annual rate of inflation to 3.7%, up from 3.4% in August and above economists’ expectations for a 3.6% increase.
CNN Business senior reporter David Goldman breaks down whether President Trump has lived up to his campaign promises on the economy. Also, CNN senior reporter Matt Egan runs through the “disappointing read on inflation.”
0:00 A look back at Trump’s promises that the US economy would be great
1:45 David Godman on why Trump’s economy is so unpopular despite some strong indicators
5:12 Matt Egan on inflation “going in the wrong direction”
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