Oct 13, 2022
VOT Research Desk
On Thursday, October 13, the US Bureau of Labor Statistics will publish the Consumer Price Index (CPI) numbers for September.
Although the Fed prefers to measure inflation using data from the Personal Consumption Expenditures Price Index (PCEPI), market players are likely to respond more strongly to the CPI data merely because it is released two weeks earlier. Furthermore, the CPI is sometimes seen as a better indicator of what consumers really experience in terms of price fluctuations.
Investors anticipate that the headline annual CPI will drop from 8.3% in August to 8.1% this month.
A little increase to 6.5% from 6.3% in the same period is predicted for the Core CPI, which excludes volatile food and energy costs.
The CPI and the Core CPI are anticipated to come in at 0.5% and 0.2%, respectively, on a monthly basis. The monthly estimates are believed to depict core inflation more accurately since they are not skewed by base effects.
It’s important to point out that the September jobs data revealed that Nonfarm Payrolls increased faster than anticipated in September and that the Unemployment Rate decreased to 3.5% from 3.7%, allowing the Fed to continue focusing on fighting inflation.
