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Consumer prices rise 5.4% on year, highest inflation in 13 years

By Zach Halaschak
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Consumer prices rise 5.4% on year, highest inflation in 13 years

Consumer prices rose 5.4% for the year ending September, according to a report by the Department of Labor released Wednesday, the highest pace of inflation since 2008.

Forecasters had expected a 5.3% increase.

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Biden Administration Department of Labor Inflation Jobs Prices