The US Consumer Price Index (CPI) for September increased by 3% year-over-year, slightly below the expected 3.1% and up from the previous 2.9%. On a seasonally adjusted month-over-month basis, the CPI rose by 0.3%, also falling short of the anticipated 0.4% and matching the previous month's increase. Core CPI, which excludes food and energy, also rose 3% year-over-year, aligning with expectations but unchanged from the previous month.
The White House has indicated that no US inflation data is likely to be released next month, adding complexity to the Federal Reserve's decision-making process in December. Analysts suggest that the lack of forthcoming data could complicate the Fed's assessment of economic conditions and influence its policy decisions.
US September CPI Rises 3% YoY, Below Expectations
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