U.S. Core Inflation Rises to 2.6% in September, Above Forecast

U.S. core inflation accelerated in September, with annual consumer price growth reaching 2.6% and exceeding the 2.5% forecast, a result relevant to expectations for Federal Reserve policy and crypto markets. Core CPI, which excludes food and energy prices, rose 0.3% from August. That matched the monthly increase in August and was above the 0.2% forecast. The annual rate had been 2.4% in August. Overall consumer prices climbed 0.6% month over month, compared with 0.4% in August. The September figures were released Oct. 14. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

Source: TokenPost