US CPI — September Inflation Surges 3.7% and Beats Forecasts

The US CPI (Consumer Price Index) for September rose 3.7% compared to the same month last year, surpassing expert expectations.

The US Department of Labor announced on the 14th (local time) that the September consumer price index increased by 3.7% year-over-year.

This figure slightly exceeds the 3.6% expert consensus compiled by Dow Jones. On a monthly basis, it rose 0.6%, meeting expert forecasts.

The core CPI, which excludes volatile energy and food prices, also rose 2.6%, beating the estimated 2.5%. It increased by 0.2% compared to the previous month’s 2.4%.