On Thursday, the stock market practically took it to heart, launching into a huge surge in response to an inflation number that was universally seen as far too high.
The CPI increased by 0.4% in September, more than the expected 0.2% increase and up from 0.1% in August.
Core consumer prices, which exclude food and energy, increased by 0.6% in September, above expectations for a 0.4% increase.
Core consumer prices, which exclude food and energy, increased by 0.6% in September, above expectations for a 0.4% increase.
While core CPI increased from 6.3% to 6.6%, CPI increased by 8.2% annually, a little down from 8.3%.
Little in the report indicated that inflation was even close to being under control, save from a decline in automobile and clothing costs.