United States: Inflation stable in September
October 22, 2014
In September, consumer prices rose 0.1% over the previous month in seasonally-adjusted terms, which contrasted the 0.2% rise recorded in August. August’s figure had marked the first monthly decline since April of last year. September’s increase was driven by higher prices for shelter and food, and slightly overshot the flat reading the market had expected.
Annual inflation was stable at August’s 1.7% in September, thus remaining at its lowest level in six months. Meanwhile, core consumer prices, which exclude food and energy prices, rose 0.1% over the previous month, which was up from the flat reading observed in August. The figure came in slightly below market expectations of 0.2% increase. Annual core inflation was stable at August’s 1.7%. Annual average core inflation was also unchanged at the previous month’s 1.7% in September.
Author: Carl Kelly, Economist