US CPI to rise to 3.6% in September, Truflation forecasts

Truflation has forecast that September U.S. headline inflation will rise to 3.6% from August’s 3.4%, while annual core inflation will hold at 2.4% as weaker hiring and easing housing costs restrain consumer price pressure. 3.6% annual headline CPI is forecast for September, with prices rising 0.48% from August. 2.4% annual core CPI is projected, below the 2.5% market consensus cited in the report. Gasoline rose 4.8% monthly, while higher producer and import costs threaten further goods inflation. Slower hiring and 4% annual pay growth could limit services inflation, according to Truflation. Truflation, in its Oct.

Source: crypto.news