US CPI Will Be Better Than Expected In September – Core Index Rises 0.3% Month-on-Month

The US consumer price index (CPI) grew faster than market expectations in September. Although upward pressure on prices has been decreasing recently, this trend has stopped for a while.

• Headline CPI, which excludes volatile food and energy, rose 0.3% month-on-month – market expectations rose 0.2%
  • An increase of 3.3% compared to the same month last year – an expected increase of 3.2%.
• Composite CPI rose 0.2% month on month – expected to rise 0.1%.
  • An increase of 2.4% compared to the same month last year – an expected increase of 2.3%.

Although the year-on-year growth in the composite CPI fell short of market expectations, it was still the slowest growth rate since the start of 2021. The main reason was a decline in energy prices.

Along with September employment data announced on the 4th, which showed stronger than market expectations, this CPI will fuel the debate on interest rate cuts at November’s Open Market Committee (FOMC) meeting. Samhain Market participants are predicting that interest rates will decrease slightly or remain unchanged.

See the table for detailed statistics.

Original title:US CPI rises more than expected, halting inflation progress(section)

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