INFLATION COOLING SLOWER THAN EXPECTED, CORE PRICES ROSE IN SEPTEMBER

Key Points:

  • The Consumer Price Index (CPI) rose 0.2% in September, the same reading as August.
  • CPI increased 2.4% from a year ago, down from 2.5% in August, but above consensus of 2.3%.
  • The index for shelter rose 0.3%, the index for food rose 0.4%, and the energy index fell by 1.9%.
  • The index for food at home rose 0.4% over the month while the index for food away from home rose 0.3%.
  • The core CPI, which excludes food and energy, rose 0.3% in September and is up 3.3% from the previous year.
  • This was the first time core CPI rose year over year since March 2023.
  • The energy index is down 6.8%, the food index is up 2.3%, and shelter is up 4.9% from the previous year.
  • The Right Facts will continue to monitor CPI.