September CPI rose 3.7% YoY - US CPI in October

2023-11-13
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.

US CPI in October

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