Summary:
In September, consumer prices increased 3.7% YoY, matching August's gain and slightly surpassing economists' 3.6% forecast.
US CPI
14/11/2023 October
Previous:3.7% | Forecast:3.3%
Consumer prices overall rose 3.7% from a year earlierin September, steady with August's annual gain andlanding a touch above economists' expectations fora 3.6% rise.
However, core inflation cooled for the sixth month in arow and was up 4.1%. It indicates that the Fed's ratehikes are filtering through the economy.
The shelter index accounted for 70% of the monthlycore increase and more than half of the overallmonthly increase. But economists have said thatshelter costs should eventually start to wane as therental calculations are largely a lagging indicator.
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