US September CPI Seen Rising 0.6% as Gasoline Prices Accelerate Inflation
Updated
Updated · Bloomberg · Oct 10
US September CPI Seen Rising 0.6% as Gasoline Prices Accelerate Inflation
3 articles · Updated · Bloomberg · Oct 10
Summary
A 0.6% monthly rise in September consumer prices would mark the fastest US CPI increase in five months, according to the median economist estimate ahead of Wednesday’s Labor Department report.
Gasoline is expected to drive most of that pickup, while underlying price pressures are seen moderating even as headline inflation accelerates.
A 0.6% gain would follow August’s 0.4% increase, extending the recent rebound in headline inflation rather than signaling a broad-based price surge.
That mix of firmer headline CPI and softer core pressures supports expectations that the Federal Reserve will leave interest rates unchanged this month.