Oct 19, 2016 8:39 AM | Daily Market News
The U.S. inflation rate climbed to +1.5% in September, hitting a two-year high. Consumer prices rose more than expected from +1.1% in the previous month. On the other hand, the core inflation rate, excluding energy and food prices, dropped slightly to +2.2% from +2.3%. Emerging inflation could put the Federal Reserve (Fed) in a tight spot. However, Fed Governor Janet Yellen recently explained that a temporary overshooting of the Fed’s inflation target would not be considered a problem. In the U.K. inflation also rose to the highest in nearly two years. British consumer prices accelerated +1.0% last month compared to +0.6% in August.