Derek Saul is a New Jersey-based Senior Reporter on Forbes' news team. He graduated in 2021 from Duke University, where he majored in Economics and served as sports editor for The Chronicle, Duke's student newspaper, joining Forbes soon thereafter.
Consumer prices rose faster than economists forecasted last month for the first time since March, posing a potential obstacle to the yearslong fight to return to 2% inflation.
The 2.4% year-over-year increase in the index compares to average economist forecasts of 2.3% headline inflation, according to FactSet data.
Consumer Price Index Inflation
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