Data released just moments ago by the U.S. Bureau of Labor Statistics showed that the Consumer Price Index (CPI), a measure of inflation, rose 0.3% in September after rising by about 0.4% in August, falling short of expectations, which had indicated a flat reading. The core CPI, which excludes food and energy prices, rose 0.2% compared to 0.3% in August, falling short of expectations.
Conversely, the annual CPI rose to 3.0% over the past 12 months, from 2.9% in August, falling short of expectations, which had indicated a rise to 3.1%. The core CPI rose to 3.0%. In the index details, the food index recorded a 3.1% increase on an annual basis, and recorded a rise of approximately 0.2% in September, compared to 0.5%, while the energy index rose by 2.8% in August on an annual basis, after a rise of approximately 1.5% in August, and a rise of approximately 1.57% on a monthly basis.