U.S. September Consumer Prices Rise 3.7% Year Over Year, Exceeding Forecasts
The U.S. Department of Labor said on October 14 local time that the Consumer Price Index (CPI) rose 3.7% in September from a year earlier.
This was slightly above the 3.6% forecast compiled by Dow Jones.
On a month-over-month basis, the index rose 0.6%, in line with expert forecasts.
Core CPI, which excludes volatile energy and food prices, rose 2.6% year over year and 0.3% month over month.
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Forecasts for core CPI were 2.5% year over year and 0.2% month over month.
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