US Inflation for September Exceeded Forecasts

September inflation data released in the US showed discrepancies with analysts' forecasts, which may affect the monetary policy of the Federal Reserve System.

Overall Consumer Price Index

Annual inflation stood at 3.7%, exceeding the expected 3.6% and previous levels of 3.4%. Monthly index dynamics matched the forecast, coming in at 0.6% against an expected 0.4%.

Core inflation also came in higher than expected

The core CPI measure, excluding volatile food and energy prices, showed growth. Actual figures compared to forecasts are as follows:

• Monthly growth rate was 0.3% against a forecast of 0.2%
• Annual core CPI reached 2.6%, surpassing the forecast of 2.5%