US consumer prices rose 0.6% month-on-month on a seasonally adjusted basis in September and 3.7% over the year, the Bureau of Labor Statistics reported on 14 October. Core CPI increased 0.3% monthly and 2.6% annually. Gasoline prices rose 9.1% over the month and accounted for more than half of the headline monthly increase. The annual headline rate increased from 3.4% in August.
US consumer InflationA broad rise in prices that reduces money’s purchasing power. Central banks watch inflation because it affects interest-rate decisions.Read More rose to 3.7% year-on-year in September, driven largely by higher energy and fuel costs. Persistent PriceThe most recent agreement between a buyer and a seller. It is not a prediction; it is the market’s latest handshake.Read More pressures could complicate the Federal ReserveFederal Reserve refers to the Federal Reserveis the central bank of the United States. The term belongs in Level 7 because it helps connect macro conditions, policy, or another...Read More’s interest-rate decisions, as policymakers weigh the need to control inflation against risks to economic growth and household spending.
