From Kiplinger · · 1m 30s
September CPI Report: Inflation Data Expected
September CPI report shows inflation rising as Middle East tensions fuel energy costs.
In brief
September CPI report shows inflation rising as Middle East tensions fuel energy costs. September CPI data expected to show 3.6% annual inflation and 2.5% core inflation, driven by Middle East energy prices. Originally reported by Kiplinger.
September CPI Report
The Federal Reserve raised interest rates for the first time in three years in mid-September.
Inflation Status
The central bank stated inflation remains elevated and the rate hike will support a timelier return to the 2 percent goal.
August CPI Report
Headline inflation was 'uncomfortably high' driven by higher gas and fuel oil prices, shelter costs and airfares.
Expected Year-End Inflation
The annual CPI rate is expected to end the year at 4% while core CPI will be at 2.7%.
September CPI Release Date
The Bureau of Labor Statistics will release the September CPI report at 8:30 am Eastern Standard Time on Wednesday, October 14.
Expected Inflation Rates
Headline CPI is expected to be up 0.6% from August to September and 3.6% from the year prior.
Wall Street Expectations
Economists expect headline CPI to rise 0.56% with core CPI at 0.19% for a 3.63% annual rate.
Energy Price Impact
Higher energy prices due to Middle East tensions are expected to drive inflation to 3.7% in September.
Fed's Next Move
The September CPI report could determine whether the Fed raises interest rates in October.
The short version
September CPI data expected to show 3.6% annual inflation and 2.5% core inflation, driven by Middle East energy prices.
