US CPI rises 0.6% in September, annual inflation hits 3.7%

AI-generated briefing · First published

Hotter-than-expected inflation data lifted rate-hike bets and sent Treasuries and bitcoin lower.

The US Consumer Price Index rose 0.6% in September from August and 3.7% over the year, above forecasts, driven by a 9.1% jump in gasoline prices amid Middle East supply disruptions. [1] [3] [5] [6]

Core CPI, excluding food and energy, increased 0.3% month-on-month and 2.6% year-on-year. [1] [3]

US Treasuries slumped and bitcoin fell sharply as traders raised odds of Federal Reserve rate hikes later this month and next year. [2] [4]

Sources

  1. CPI for all items increases 0.6% in September; gasoline rises

    BLS Consumer Prices · · Excerpt

  2. U.S. September CPI comes in hot, sending bitcoin sharply lower

    CoinDesk · · Summary only

  3. 美国9月消费者价格上涨0.6%,年度通胀率达3.7%

    Sina Finance · · Full text

  4. US Treasuries Slump as Hot Inflation Lifts Fed Rate-Hike Bets

    Bloomberg · · Summary only

  5. US inflation rises more than expected ahead of midterm elections

    BBC Business · · Excerpt

  6. US Consumer Prices Rise at Fastest Pace in Five Months

    Bloomberg · · Summary only

Link to this briefing · Back to AI News