Inflation, Consumer Price
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2don MSN
Inflation is still rising, CPI likely to show — but maybe not fast enough to stop Fed rate cuts
Inflation has been creeping higher from a postpandemic low of 2.3% earlier this year due in part to the highest U.S. tariffs in decades.
The report shows food items like instant coffee and beef are getting pricier. Instant coffee prices in September were about 22% higher than last year. Prices went up by 0.5% from August to September.
The Bureau of Labor Statistics is likely to skip a month of data collection for the Consumer Price Index for the first time in its history because of the ongoing government shutdown.
The Social Security Administration looks at year-over-year changes to the CPI-W. It does this specifically for data from the third quarter of the year (the months of July, August, and September). The COLA equals the percentage increase in the average CPI-W during this critical three-month period.
September CPI came in softer than expected, with both headline and core inflation easing from August levels. Click here to read what investors need to know.
The extended government shutdown has put collecting most October inflation data out of reach for the Bureau of Labor Statistics, according to people familiar with the agency’s operations.