US Retail Inflation Rises Less Than Expected, Keeping Fed On Track To Cut Rates

The September CPI report was initially scheduled to come out on Oct. 15 but was delayed because of the ongoing federal government shutdown. (Photo: Michael Nagle/Bloomberg) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Underlying US inflation rose by less than expected in September, keeping the Federal Reserve on course to lower interest rates next week.

The core consumer price index, excluding the often volatile food and energy categories, increased 0.2% from August, according to Bureau of Labor Statistics data out Friday. That was the slowest pace in three months. On an annual basis, it advanced 3%.

The September CPI report was initially scheduled to come out on Oct. 15 but was delayed because of the ongoing federal government shutdown. While most BLS operations have