US CPI Rises for Second Month in a Row

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Underlying US inflation rose more than forecast in September, representing a pause in the recent progress toward moderating price pressures. The core consumer price index ticked up 0.3% for a second month. Prices rose on new and used cars, apparel, furniture and groceries. Bloomberg's Michael McKee reports.
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As El-Erian had predicted long ago, 2% inflation is completely unrealistic anytime soon in a post-pandemic world, and 3% is going to be hard to get past without damaging the labor market and bringing about a recession.

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