Business · Economy · 10 hrs ago
US inflation rose in September, in line with expectations
US consumer prices rose 3.6% over the year to September, matching market expectations.
The Personal Consumption Expenditures price index, or PCE, rose 0.5% from August, faster than the previous month.
Core PCE, which excludes food and energy, rose 3.1% over the year, its highest level in four months.
The Federal Reserve watches PCE closely, and inflation has remained above its 2% target since 2021.
The US economy grew at a 3.4% annualised rate in the third quarter, faster than the expected 3.2%.
The Fed held its interest rate steady, but its next move remains uncertain.
The US personal consumption expenditures price index rose 0.5% in September from the previous month, matching market expectations.
The index was up 3.6% from a year earlier, also in line with expectations and above August’s 3.4% annual increase.
Core PCE, which excludes food and energy, rose 0.3% monthly and 3.1% annually.
The annual core inflation rate reached its highest level in four months.
The PCE index has remained above the Federal Reserve’s 2% inflation target since 2021.
- Who
- The US Bureau of Economic Analysis is not identified in the sources. The figures concern US consumer prices.
- What
- The September PCE price index rose 0.5% monthly and 3.6% annually, in line with expectations.
- When
- September; the figures were reported on Thursday, October 29, 2026.
- Where
- United States.
- Why
- Not stated.
This story does not have two clearly opposing sides.
The PCE price index rose 0.3% monthly and 3.4% annually.
The Federal Open Market Committee held its federal funds target range at 3.75% to 4.00%.
The PCE price index rose 0.5% monthly and 3.6% annually.
The September PCE figures were reported as matching market expectations.
- Headline PCE, monthly
- 0.5% increase in September
- Headline PCE, annual
- 3.6% increase in September
- Core PCE, monthly
- 0.3% increase in September
- Core PCE, annual
- 3.1% increase in September
- Federal Reserve inflation target
- 2%
3 sources
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