US EditionUS inflation rate hit 3.0% in September, lower than expected, long-awaited CPI report shows
- The Bureau of Labor Statistics released the CPI on Friday, reporting year-over-year inflation rose to 3.0% in September, slightly below economists' 3.1% forecast.
- The BLS had intended to publish on October 15 but the U.S. government shutdown beginning October 1 delayed the release, affecting many federal workers and agency operations.
- The Federal Reserve meets on October 28 and October 29 to consider rates, and with other official data missing, today's CPI gives Fed members some insight despite murky job-market details.
- The Social Security Administration will use the fresh inflation figures to calculate the annual cost-of-living adjustment, while large companies and small businesses weigh price and staffing decisions.
- September's reading also puts inflation back at January's level as median one-year inflation expectations rose from 3.2% to 3.4%, following the Federal Reserve rate policy cut this year.
151 Articles
151 Articles
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…
Economic Experts React to CPI
Today, the Bureau of Labor Statistics reported that headline CPI increased by 3.0% over the past year. Members of the Economic Speakers Bureau shared their reactions and are available for interviews on inflation and how the Fed might respond at its meeting next week:Alex Jacquez, Chief of Policy & Advocacy at Groundwork Collaborative and former Special Assistant to the President fo Economic Development and Industrial Strategy: “Prices continue t…
The U.S. Consumer Price Index (CPI) recorded a 3 percent increase year-on-year in September, an increase of a tenth compared to the August data, reported Friday the Bureau of Labor Statistics (BLS), which published the figures in an extraordinary way due to the closure of the federal government.The underlying inflation, which excludes volatile energy and food prices, also stood at 3 percent, a slight decrease of a tenth compared to the previous …
Inflation is still 'the dog that didn't bark' as delayed CPI report shows cooler-than-expected rise to 3%
U.S. inflation remained elevated last month as gas prices jumped while the cost of rents cooled, painting a mixed picture of the expenses consumers are facing in a murky economy where growth appears steady but hiring slow. Consumer prices increased 3% in September from a year earlier, the Labor Department said Friday, the highest since January and up from 2.9% in August. Excluding the volatile food and energy categories core prices also rose 3%,…
US inflation rises by less than expected in September
US inflation ticked up in September but came in slightly lower than expected, official data showed Friday, likely keeping the Federal Reserve on course to lower interest rates again next week to help shore up a cooling labor market.The Bureau of Labor Statistics data, which was delayed by the ongoing shutdown of the US government, showed consumer prices rising 3% from the same time last year, the fastest rate since January. The White House said …
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