Economic Indicators Point to Increased Inflation

The jump in gasoline prices for the second month in a row is responsible for the increase in U.S. consumer inflation. The Consumer Price Index (CPI) rose 0.6 percent in September, as the gasoline index climbed 7 percent in September following a 9 percent jump in August.

For the third consecutive month, inflation was up 0.1 percent. The government is slated to now hit the debt limit sometime in January 2013, which is later than initially projected. The Treasury Department could choose to implement emergency measures before the ceiling is approached.

Posted on Tuesday, October 16, 2012 (Archive on Monday, January 1, 0001)
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