September CPI: Inflation Momentum Turns In The Wrong Direction

Inflation rose 0.1% in September, with core CPI up 0.6%, indicating persistent inflation momentum.

The increase was driven by shelter and used car prices.

Economists had expected a 0.1% increase in both overall and core CPI.

Year-over-year, overall CPI is up 8.2%, and core CPI is up 6.6%.