The United States Consumer Price Index (CPI) registered an increase of 3% year-on-year in September, which represents an acceleration of one tenth compared to the previous month, according to data provided by the Bureau of Labor Statistics of the Department of Labor. However, the figure is below the 3.1% that analysts had estimated.
The underlying index, which excludes food and energy prices due to their greater volatility, showed an increase of 3% in the ninth month of 2025, one tenth less than the previous month and the lowest figure since July. It is also below forecasts.
Monthly data show moderation in price variation
In monthly terms, the general CPI slowed to 0.3% in September, in contrast to the advance of four tenths recorded previously. On the other hand, the underlying index fell to 0.2%, one tenth less than in August.
The September reading could influence the monetary policy of the Federal Reserve (Fed). Currently, the Fed is in a delicate position, trying to balance containing inflation with a slowdown in the labor market.
The report was scheduled for the 15th, but had not yet been published due to the blackout of references due to the Government shutdown. In this case, an exception has been made since the Social Security administration must have complete inflation data for the third quarter to calculate social benefit payments.