US CPI inflation rises to 3% in September vs. 3.1% expected
Annual inflation in the United States (US), as measured by the change in the Consumer Price Index (CPI), rose to 3% in September from 2.9% in August, the US Bureau of Labor Statistics (BLS) reported on Friday. This reading came in below the market expectation of 3.1%.
The United States (US) Bureau of Labor Statistics (BLS) will publish the all-important Consumer Price Index (CPI) data for September on Friday at 12:30 GMT.
Markets will look for fresh signs of how US President Donald Trump's tariffs are feeding through to prices. Therefore, the US Dollar (USD) could experience volatility on the CPI release, as the data could influence the Federal Reserve’s (Fed) interest rate outlook for the remainder of the year.
Source; fxstreet