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Key inflation gauge for the Fed rose 0.5% in September, in line with expectations

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Key inflation gauge for the Fed rose 0.5% in September, in line with expectations

Halloween candy is for sale at a Harris Teeter grocery store on October 17, 2022 in Washington, DC.

Drew Angerer | Getty Images

An economic gauge that the Federal Reserve follows closely showed that inflation stayed strong in September but mostly within expectations, the Bureau of Economic Analysis reported Friday.

The core personal consumption expenditures price index increased 0.5% from the previous month and accelerated 5.1% over the past 12…

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