US CPI Annual Rate Exceeds Expectations! Core CPI Hits 3.7% in September!

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Oct 12, 2023 18:17

The United States has reported a slightly higher than expected Consumer Price Index (CPI) annual rate of 3.7% for September 2021. This figure, which remains unchanged from the previous value of 3.7%, was anticipated to be 3.6%. The core CPI, which excludes volatile food and energy prices, was also higher than expected at an annual rate of 4.3%, compared to the previous value of 4.3% and an expected figure of 4.1%. These results indicate that inflation in the US economy remains high, raising concerns for policymakers and economists.