US September CPI rose 3.7% year on year, exceeding market expectations. The rise in prices is seen as potentially affecting the Trump administration ahead of the November midterm elections, while inflation trends are also drawing attention ahead of the Fed's policy decision at its late-October meeting.
US September CPI rose 3.7% year on year. The increase exceeded market expectations and accelerated from 3.4% in the previous month.
The core index, excluding food and energy, rose 2.6%, also exceeding market expectations.
One possible factor behind the increase is that gasoline and diesel prices rose amid the prolonged impact of international tensions, pushing up transportation expenses and manufacturing costs.
The trend in this indicator is widely viewed as a setback for the Trump administration ahead of the midterm elections in November. With the Fed's late-October meeting approaching, the focus is expected to be on whether to raise rates further after assessing price movements.