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US annual CPI inflation declines to 8.2% in September

The US Bureau of Labor Statistics reported on Thursday that inflation in the US, as measured by the Consumer Price Index (CPI), declined to 8.2% on a yearly basis in September from 8.3% in August. This reading came in higher than the market expectation of 8.1%.

The Core CPI, which excludes volatile energy and food prices, was up 0.6% and 6.6%, on a monthly and yearly basis, respectively. Both of these figures surpassed analysts’ estimates.

The hot inflation data provided a boost to the greenback with the initial market reaction. As of writing, the US Dollar Index was up 0.28% on a daily basis at 113.58.

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