Inflation Was A Bit Higher Than Expected In September

Walmart, prices, shopping, grocery store

Photo: Flickr / Walmart Stores

UPDATE: Consumer prices rose 0.6 per cent in September from the month before, just ahead of expectations of a 0.5 per cent rise.Ex-food and energy, the index was up 0.1 per cent, versus expectations of a 0.2 per cent rise.

Year-over-year, CPI increased 2.0 per cent, ahead of expectations of a 1.9 per cent rise.

The year-over-year ex-food and energy reading came in right in line with expectation, posting a 2.0 per cent increase.

—————

ORIGINAL: Minutes away from the first U.S. economic data release of the day: the consumer price index, out at 8:30 AM ET.

A consensus survey of economists polled by Bloomberg revealed expectations of a 0.5 per cent rise month-over-month, down from 0.6 per cent last month.

Year-over-year, the index is expected to rise 1.9 per cent, up from 1.7 per cent last month.

The ex-food and energy reading is expected to increase 0.2 per cent month-over-month, up from 0.1 per cent last month.

Year-over-year, ex-food and energy is expected to increase 2.0 per cent, up from 1.9 per cent last month.

We will have the numbers LIVE at 8:30 AM ET. Click here for updates >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.