US CPI Review: September 2024
Driven by a significant increase in adjusted core services prices, US inflation came in above consensus expectations in September.
Headline and core CPI growth come in above expectations
Headline CPI growth fell to 2.4% YoY in September, from 2.5% in August. While declining for a sixth consecutive month, growth came in above the Economics Uncovered and consensus forecasts of 2.3%.
Core CPI growth rose to 3.3% YoY (from 3.2%), which was also above both the Economics Uncovered and cons…