According to a report by the New York Times, the Consumer Price Index (CPI) in the United States rose higher than expected in September, and the path of slowing inflation remains uneven.
On April 12th local time, customers were shopping at a supermarket in Milbury, California, USA. The US Department of Labor released data on the same day, stating that the Consumer Price Index (CPI) in March increased by 5% year-on-year and 0.1% month on month.
According to reports, a report released by the US Department of Labor on the 12th showed that the US CPI rose 3.7% year-on-year in September, which is the same as in August, but still higher than economists' previous forecast of 3.6%. This inflation data is also far above the Federal Reserve's 2% inflation target.
In addition, the US CPI rose 0.4% month on month in September, slightly slower than the 0.6% increase in August, but still higher than what policy makers consider "normal levels".
The New York Times stated that although the report shows that the current rate of inflation in the United States is lower than in 2022 and early 2023, there are certain signs that the slowing process of price increases is likely to be stagnant, which makes Federal Reserve officials remain vigilant.
Federal Reserve officials previously predicted that rental inflation would steadily slow down, but data shows that housing costs have risen relatively quickly after the recent slowdown; The prices of hotel accommodation, car insurance, and entertainment services have also significantly increased.
Laura Rosner Warburton, senior economist at MacroPolicy Perspectives, a financial research firm in the United States, said, "This report shows that we have come out of high inflation... but the dilemma is not over yet, and there are still some thorny inflation issues