The U.S. Consumer Price Index (CPI) for September rose 3.7% year on year, exceeding market expectations.
The U.S. Bureau of Labor Statistics (BLS) announced on the 14th (local time) that September CPI increased 0.6% from the previous month and 3.7% from the same month a year earlier. The month-on-month increase matched the market estimate of 0.6%, while the year-on-year increase exceeded the forecast of 3.6%.
Core CPI, which excludes volatile food and energy prices, rose 0.3% month on month and 2.6% year on year. The year-on-year increase was 0.1 percentage point higher than the market expectation of 2.5%.
Energy prices rose 5.2% month on month in September, while gasoline prices increased 9.1%. Food prices remained unchanged from the previous month.