US EditionUS inflation rate hit 3.0% in September, lower than expected, long-awaited CPI report shows
September inflation rose 3%, slightly below forecasts, influenced by tariffs and rising beef costs, while easing rent and vehicle prices suggest mixed economic signals before the Fed meeting.
- Last month, US consumer prices rose 3% year-on-year, a modest increase from the prior month's 2.9%, the Labor Department said.
- Everyday price increases such as rents and fuel underpinned the rise, with rents up 3.5% year to September and higher gas prices and groceries.
- On a monthly basis, prices increased 0.3% while core inflation rose 0.2% monthly and furniture prices climbed 3.8% year and 0.9% month.
- With hiring cooling, the Federal Reserve is preparing to cut interest rates next week to support a struggling labor market, while Fed officials are divided and relying more on private economic measures.
- Food price spikes, notably beef prices and coffee prices since Sept 2024, added pressure while Olu Sonola said `The tariff pass through generally remains muted` amid questions on the duration of corporate cost absorption.
199 Articles
199 Articles
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Inflation ticked up 3% in September, the U.S. belatedly reports
Annual inflation rose less than expected in September, according to a crucial report published Friday, nine days later than normal due to the government shutdown.Consumer prices rose 3.0% in September from a year ago, slightly below forecasters’ expectations, according to the U.S. Bureau of Labor Statistics (BLS). On a month-to-month basis, prices rose 0.3%, cooling slightly from the 0.4% inflation reported in August.Loading... Overall, the infl…
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