Inflation exceeds wages for third month

For the third consecutive month, U.S. worker paychecks have failed to keep pace with rising inflation, which increased by 0.6% in September and 3.7% annually. Consumer prices were driven largely by a 9.1% surge in gas prices, with inflation remaining above the Federal Reserve’s 2% target. Despite efforts to control inflation through interest rate hikes, rising energy costs linked to geopolitical conflicts continue to exert pressure on prices.

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