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The September Producer Price Index (PPI) inflation in the US unexpectedly rose to 2.2%, surpassing expectations of 1.6%. Additionally, the core PPI inflation increased to 2.7%, above expectations of 2.3%. This marks the first jump in core PPI since April 2022, and PPI inflation has now risen for three consecutive months. The rise in PPI inflation raises questions about the actions the Federal Reserve will take. In less than 12 hours, September Consumer Price Index (CPI) inflation data will be released, with markets anticipating headline CPI inflation at 3.6% and core CPI inflation at 4.1%. If CPI comes in above 3.7%, it would be the third consecutive monthly increase in inflation. Wall Street forecasters expect the September CPI to show a 0.3% rise in the headline index from August, lowering the 12-month rate to 3.6% from 3.7%. They also anticipate a 0.3% increase in core CPI, lowering the 12-month rate to 4.1% from 4.3%. In September, US core CPI advanced for a second month, with a 0.3% increase from the previous month. Compared to a year ago, core CPI increased by 4.1%, the lowest since 2021. The September CPI inflation came in at 3.7%, above expectations of 3.6%, while core CPI inflation was in line with expectations at 4.1%. With PCE and PPI inflation rising and CPI inflation exceeding expectations, the possibility of the Fed cutting interest rates soon is questioned. The overall US CPI moved up to 3.7% in September, marking the third consecutive month with an increasing year-over-year inflation rate. The US core CPI (excluding food and energy) decreased to 4.1% year-over-year, the lowest core inflation reading since September 2021. The unseasonally adjusted CPI annual rate for September in the US was 3.7%, slightly above expectations of 3.6%. The core CPI for September was at an annual rate of 4.1%, in line with expectations. Core CPI in September rose by 0.32%, slightly higher than most estimates. The 6-month annualized rate decreased to 3.6% from 3.7%, while the 12-month rate decreased to 4.15% from 4.35%. The 3-month annualized rate increased to 3.1% from 2.4% in August. The US September Consumer Prices increased by 0.4%, exceeding the consensus estimate of 0.3%. The September CPI excluding food and energy also increased by 0.3%, in line with expectations. The year-over-year increase in consumer prices was 3.7%, and the core CPI increased by 4.1% over the year. Real average weekly earnings in the US were also reported.
US Sep Consumer Prices +0.4%; Consensus +0.3% US Sep CPI Ex-Food & Energy +0.3%; Consensus +0.3% US Sep Consumer Prices Increase 3.7% From Year Earlier; Core CPI Up 4.1% Over Year
BREAKING: US core CPI advanced for a second month in September. - The core CPI, which excludes food and energy costs, increased 0.3% last month - From a year ago, it increased 4.1%, the lowest since 2021 https://t.co/RkV3MTdKAo https://t.co/NRAslWsszz
BREAKING: US core CPI advanced for a second month in September. - The core CPI, which excludes food and energy costs, increased 0.3% last month - From a year ago, it increased 4.1%, the lowest since 2021 https://t.co/PQ9PEenpYf https://t.co/uMd7azDtx4
BREAKING: US core CPI advanced for a second month in September. - The core CPI, which excludes food and energy costs, increased 0.3% last month - From a year ago, it increased 4.1%, the lowest since 2021 https://t.co/23mqiG49A8 https://t.co/Uge4mimPp1
The United States released its unseasonally adjusted CPI annual rate of 3.7% in September, which was expected to be 3.6% and the previous value of 3.7%. The core CPI in September was at an annual rate of 4.1%, which was expected to be 4.1% and the previous value of 4.3%.
Overall US CPI moved up to 3.70% in September from 3.67% in August, the 3rd straight month with an increasing YoY inflation rate. US Core CPI (ex-Food/Energy) moved down to 4.1% YoY, the lowest core inflation reading since September 2021. https://t.co/zdsADe4AMG
The United States released its unseasonally adjusted CPI annual rate of 3.7% in September, which was expected to be 3.6% and the previous value of 3.7%. The core CPI in September was at an annual rate of 4.3%, which was expected to be 4.1% and the previous value of 4.3%.
Core CPI rose 0.32% in September, a touch firmer than most estimates The 6-month annualized rate edged down to 3.6% from 3.7% The 12-month rate ticked down to 4.15% from 4.35%. The 3-month annualized rate rose to 3.1% from 2.4% in August Read more: https://t.co/iqyWubMpvQ https://t.co/OEChu4ahWn
Headline CPI rose 0.4% in September to be 3.7% over the year, slightly above expectations. Core CPI rose 0.3%, and is up 4.1% over the year, bang on market expectations. So not a "good news!" shock, but rather a continuing leveling off in inflationary pressure.
BREAKING: September CPI inflation comes in at 3.7%, above expectations of 3.6%. Core CPI inflation is at 4.1%, in-line with expectations of 4.1%. We have PCE and PPI inflation rising with CPI inflation above expectations. How can the Fed cut interest rates any time soon?
🔸US Sep Consumer Prices +0.4%; Consensus +0.3% 🔸US Sep CPI Ex-Food & Energy +0.3%; Consensus +0.3% 🔸US Sep Consumer Prices Increase 3.7% From Year Earlier; Core CPI Up 4.1% Over Year 🔸US Sep CPI Energy Prices +1.5%; Food Prices +0.2% 🔸US Real Average Weekly Earnings… https://t.co/LHkGxNMQGU
Wall Street forecasters expect the September CPI to show the headline index rose 0.3% from August, lowering the 12-month rate to 3.6% from 3.7% They see core CPI up 0.3%, lowering the 12-month rate to 4.1% from 4.3% https://t.co/fWy4kTb5Xn
It’s CPI day in the US with consensus forecasts looking for both headline and core CPI to have risen by 0.3% in September. This would allow the annual inflation measures to edge lower — to 3.6% for headline (from 3.7%) and 4.1% for core (from 4.3%). As to the balance of risks, I… https://t.co/wzOwPB6CAX https://t.co/RGkiuER59K
In less than 12 hours, we will receive September CPI inflation data. Markets are currently expecting headline CPI inflation at 3.6% and Core CPI inflation at 4.1%. However, if CPI comes in above 3.7%, it would be the 3rd consecutive monthly increase in inflation. We just saw… https://t.co/lGIlOYBbwH https://t.co/4uV3KiO6Ft
BREAKING: September PPI inflation unexpectedly rises to 2.2%, above expectations of 1.6%. Core PPI inflation rose to 2.7%, above expectations of 2.3%. This is the first jump in Core PPI since April 2022. PPI inflation is now up 3 consecutive months. What does the Fed do now?