Inflation in the US Rises to 3.7% in September

Inflation in the US increased by 0.6% month-on-month in September, reaching 3.7% year-on-year, surpassing market expectations. Core inflation, which excludes volatile items from the Consumer Price Index (CPI), also showed an increase. According to the Bureau of Labor Statistics (BLS), this is the highest year-on-year level since May, when it was 4.2%. Month-on-month, this is the largest advance since April. Core inflation was 0.3% month-on-month and 3.7% year-on-year. Gasoline prices rose by 9.1% month-on-month in September, accounting for more than half of the monthly increase in the overall CPI and the largest increase since March. Energy prices increased by 5.2% for the month, following a 2.1% rise in August. The housing index increased by 0.4%, after a 0.3% rise in August.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.