Key Facts
• U.S. September Consumer Price Index (CPI) rose 3.0% year-on-year.
• The increase marked the second consecutive month of expansion.
• Market expectations were 3.1%, slightly higher than the actual figure.
• Core CPI, excluding food and energy, also rose 3.0%.
• “Trump tariffs” continue to influence price levels.
• The Federal Reserve (FRB) meeting on October 29 may consider a 0.25% rate cut.
• The CPI report was delayed from October 15 due to a U.S. government shutdown.
Summary
The U.S. Department of Labor reported a 3.0% year-on-year increase in the September Consumer Price Index (CPI), slightly below market expectations of 3.1%. This marks the second consecutive month of growth. Core CPI, which excludes volatile food and energy prices, also rose 3.0%, reflecting ongoing effects of the “Trump tariffs.” The Federal Reserve’s upcoming meeting on October 29 may use this data to justify a potential 0.25% interest rate cut, following a similar move in September. The CPI report, originally scheduled for October 15, was delayed due to the U.S. government shutdown.
