U.S. Consumer Prices Rose 3.7% Annually in September, Meeting Most Estimates
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
- U.S. CPI rose 0.6% monthly in September, annual rate 3.7%.
- Energy prices, led by gas up 9.1%, drove inflation.
- Core CPI rose more than expected in September.
The U.S. Bureau of Labor Statistics reported on Wednesday that the Consumer Price Index (CPI) rose 0.6% in September, following a 0.4% increase in August. This monthly rise was largely in line with economist expectations. The annual inflation rate reached 3.7%, up from 3.4% in August, with some estimates anticipating 3.6%. A significant factor contributing to the overall increase was a spike in energy prices. Core CPI, which excludes volatile food and energy components, advanced 0.3% monthly and 2.6% annually. These figures indicate that inflation remains elevated above the Federal Reserve’s target, marking the highest annual rate since May’s 4.2%.
U.S. consumer prices climbed 0.6% in September from the previous month, with gas prices rising 9.1%. While the overall monthly increase matched economist estimates, core consumer prices, which exclude volatile food and energy, rose more than expected.