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CPI Underwhelms Today: Will the Market Heave a Sigh of Relief?

Annie Gilroy
CPI Underwhelms Today: Will the Market Heave a Sigh of Relief?

The US consumer price index (or CPI) for September was released today at 8:30 AM EST. The inflation numbers were weaker-than-expected, with the CPI rising just 0.1% sequentially compared to 0.2% expected by economists. In the 12 months through the end of September, the CPI rose 2.3%, which was lower than a 2.7% rise in August.