US inflation surge may remain 'uncomfortably high' as CPI reaches 6.2%

Investors debate a Federal Reserve decision

James Baxter-Derrington
clock • 2 min read
Energy costs have soared 4.8% over the past month alone, with the figure up 30% year-on-year.
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Energy costs have soared 4.8% over the past month alone, with the figure up 30% year-on-year.

US inflation has surged to its highest level since 1990, as October’s consumer price index recorded a year-on-year increase of 6.2%, and a month-on-month increase of 0.9%.

The figure shoots past consensus expectations, which had pegged the rise at 5.8%, while core inflation figures, excluding food and energy, rose 4.6% compared with last year. Energy costs have soared...

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