The U.S. Consumer Price Index (CPI, Financial) for September showed a year-over-year increase of 2.4%, marking the sixth consecutive month of decline and the lowest rate since February 2021. This figure slightly exceeded market expectations of 2.3% but was down from the previous reading of 2.5%. The month-over-month CPI, adjusted for seasonality, rose by 0.2%, higher than the anticipated 0.1% and consistent with the prior month's rate.
In contrast, the core CPI, which excludes food and energy, saw a year-over-year rise to 3.3%, reaching its highest point since June. This was above the market's prediction of 3.2% and an increase from the prior 3.2%. On a month-over-month basis, the seasonally adjusted core CPI climbed by 0.3%, surpassing the forecast of 0.2% and matching the previous month's increase.
