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US CPI stalled in September, core rises to 1.9%

FXStreet (Mumbai) - The data released in the US showed the cost of living in the September stalled compared to the estimate of a 0.1% annualised drop.

The core inflation ticked higher to 1.9% year-on-year, beating the estimated figure of 1.8%. Core prices on monthly basis climbed 0.2%, while the headline figure dropped 0.25 as expected.

Energy costs fell 4.7% in September after falling 2% the month before. Gasoline prices dropped 9%, the most since January.

However, the markets do not buy Fed’s view on inflation nor the official figures. US 5-year breakeven inflation hover around 1.13% — down from 1.25% last week.

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