The U.S. Bureau of Labor Statistics has released a report stating that the Consumer Price Index for All Urban Consumers (CPI-U) increased by 0.4% in September 2023. The overall index showed a 3.7% increase for the 12 months leading up to September, which was the same as the previous month. The rise in the index was primarily driven by an increase in the cost of shelter. For more information, you can read the full release at the Bureau of Labor Statistics website. For further details, please visit the article “Inflation Running at 3.7% Year Over Year” on the Real Estate Investing Today website.
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