Consumer Prices Jumped

Last Month, Worrying

Washington and Wall St.

Consumer prices jumped more than expected last month, data released on Wednesday showed, raising the stakes for the White House and Federal Reserve as they continue to wager that rapid inflation will cool as the economy returns to normal.

The Consumer Price Index climbed 5.4 percent in September when compared with the prior year, more than expected in a Bloomberg survey of economists and faster than its 5.3 percent increase through August. From August to September, the index rose 0.4 percent, also above expectations.
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The September gains came as food — especially meat and eggs — cost consumers more. Housing prices also accelerated, something that raised alarm bells among many economists. Shelter is an important part of overall inflation and upward pressure in that index tends to last for some time.

However, in a companion article, right underneath the above in fact, is this:

September’s price gains came as housing prices firmed, and as food — especially meat and eggs — cost consumers more.

One woman's accelerated is another man's firmed?