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US Inflation Rises To 3.7% In September, Exceeding Forecasts

The Consumer Price Index increased 0.6% from August, while economists had forecast an annual rate of 3.6%.

Photo by Madison Kaminski / Unsplash

US inflation accelerated to 3.7% in September, exceeding economists’ expectations and raising fresh concerns about persistent price pressures, according to data from the Bureau of Labor Statistics reported by CNN.

The Consumer Price Index increased 0.6% from August, while economists had forecast an annual rate of 3.6%.

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Core inflation, which excludes food and energy prices, also remained elevated. It rose 0.3% monthly and 2.6% annually, above forecasts of 0.2% and 2.5%, respectively.

The latest figures could complicate the Federal Reserve’s monetary policy decisions. If inflation remains stubborn, policymakers may consider raising interest rates again to contain price increases.

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