CPI Inflation Report Expected to Show 3.1% Rise, Highest in 17 Months
The Consumer Price Index is forecasted to rise 3.1% year-over-year in September, marking the highest inflation rate since May 2024. This uptick underscores the lingering impact of tariffs imposed by the TRUMP administration, which reversed a prior deceleration in inflation.
Market watchers anticipate the report will reveal a fifth consecutive monthly increase, complicating the Federal Reserve's efforts to stabilize prices. The central bank's 2% target now seems distant as import taxes continue to exert upward pressure on costs.