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CPI at 3.0%
Inflation held stubbornly around 3% in September, government data showed Friday, but came in slightly cooler than analysts expected across the board as investors continue to assess the Federal Reserve’s path toward its 2% target.
The latest data from the Bureau of Labor Statistics showed the Consumer Price Index (CPI) rose 3.0% year over year in September, up from 2.9% in August but slightly below economist expectations for a 3.1% increase. That marks the highest reading since May and remains above the 12-month average of 2.7%.
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Inflation held stubbornly around 3% in September, government data showed Friday, but came in slightly cooler than analysts expected across the board as investors continue to assess the Federal Reserve’s path toward its 2% target.
The latest data from the Bureau of Labor Statistics showed the Consumer Price Index (CPI) rose 3.0% year over year in September, up from 2.9% in August but slightly below economist expectations for a 3.1% increase. That marks the highest reading since May and remains above the 12-month average of 2.7%.
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