The latest inflation data is expected to show price increases are accelerating
Economists expect the consumer price index for September to rise 0.6% on the month and 3.6% year over year.
TL;DR
- Economists predict a 0.6% monthly increase and a 3.6% annual increase for the September consumer price index.
- Core inflation, excluding food and energy, is expected to rise 0.2% monthly and 2.5% annually.
- Rising energy costs, linked to geopolitical events and oil prices, are a significant factor in the expected inflation increase.
- The Federal Reserve is likely to raise interest rates again due to persistent inflation, with a December hike anticipated by traders.
- The upcoming CPI data is the last before the midterm elections, potentially influencing voter sentiment.
- Producer price index is also forecast to show acceleration in price growth.