United States: Inflation slows in September
October 30, 2013
In September, consumer prices rose 0.2% over the previous month in seasonally-adjusted terms, which was slightly above the 0.1% increase recorded in August. The result, which was in line with market expectations, mainly reflects higher prices for fuel.
Annual inflation fell from 1.5% in August to 1.2% in September. The core inflation index, which excludes food and energy, remained at August's 0.1%, just below market expectations of a 0.2% rise. Annual core inflation decreased slightly to 1.7% (August: 1.1% year-on-year). Annual average inflation held steady at August's 1.8%.
FocusEconomics Consensus Forecast participants expect inflation to average 1.5% in 2013, which is down 0.1 percentage points from last month's forecast. For 2014, the panel expects average inflation to rise to 1.9%, which is unchanged from last month's projection.
Author: Carl Kelly, Economist