The United States Consumer Price Index climbed to 3.7% in September, slightly outpacing the anticipated 3.6% forecast. Simultaneously, the Core CPI, which excludes volatile food and energy prices, reached 2.6%, surpassing the 2.5% level analysts had projected.
This latest data represents the third-highest inflation figure recorded in the U.S. since September 2023. Following the release of these figures, market participants have increased their expectations for potential interest rate hikes by the Federal Reserve.