US CPI Rises More Than Forecast, Stalling Inflation Progress
- Core CPI advanced 0.3% in September for a second month
- Overall metric picked up on rises in food and housing costs
This article is for subscribers only.
Underlying US inflation rose more than forecast in September, representing a pause in the recent progress toward moderating price pressures.
The so-called core consumer price index — which excludes food and energy costs — increased 0.3% for a second month, disrupting a string of lower readings, Bureau of Labor Statistics figures showed Thursday. The three-month annualized rate advanced 3.1%, the most since May, according to Bloomberg calculations.