Here's what economists say to expect from Friday's inflation report
Read Original Source
A delayed inflation report on Friday is expected to deliver sobering data about the direction of U.S. prices, with economists forecasting that the Consumer Price Index in September rose at its fastest pace in 16 months. CPI last month is projected to have risen 3.1% on an annual basis, which would be the highest since the inflation gauge hit 3.3% in May of 2024, according to economists polled by FactSet. The CPI measures price changes in a basket of goods and services typically bought by consumers.
AI Summary
Main Idea: The delayed September inflation report from the Bureau of Labor Statistics is expected to show that consumer prices rose at the fastest pace in 16 months, adding pressure on households and the Federal Reserve.
Key Points:
- Economists expect the Consumer Price Index to be up 3.1% from a year earlier, the highest reading since May 2024.
- The report was delayed by the government shutdown, but the Labor Department is releasing it so the Social Security Administration can set this year’s cost-of-living increase.
- Social Security benefits are expected to rise about 2.7% in 2026, which would add about $54 a month for the average retired worker.
- Inflation has moved farther above the Federal Reserve’s 2% goal, and economists say tariffs may still be pushing some prices higher.
Impact on the People
Negative Impact
Faster inflation could raise prices for groceries, rent, and other daily costs, squeezing household budgets and small businesses.
Positive Impact
Social Security benefits are expected to rise about 2.
How did each entity affect people?
Rate how each entity in this article affected the American people.
- Primary:Bureau of Labor Statisticsgovernment agency or body
- Primary:Social Security Administrationgovernment agency or body
Candidate Entities7 candidates · 5 weighted vote min · 70% decision
- Bureau of Labor Statisticsgovernment agency or bodyPrimaryEvaluated
Central agency scheduled to release the delayed September Consumer Price Index report that the article is about.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Social Security Administrationgovernment agency or bodyPrimaryEvaluated
Central agency expected to announce the annual cost-of-living adjustment tied to the inflation data.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Department of Laborgovernment agency or bodyContextCandidate
Federal department described as making the exception to release the inflation data during the shutdown.
Include 0 (0%)Ignore 0 (0%)5 to threshold - EY-Parthenoneducational / research institutionContextCandidate
Named source of an economist forecast quoted in the article.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Gregory DacopersonContextCandidate
EY-Parthenon chief economist quoted offering a forecast and interpretation of inflation trends.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Principal Asset ManagementcompanyContextCandidate
Named investment firm whose strategist comments on tariff and inflation impacts are quoted.
Include 0 (0%)Ignore 0 (0%)5 to threshold - Seema ShahpersonContextCandidate
Principal Asset Management strategist quoted on inflation risks and tariff pass-through.
Include 0 (0%)Ignore 0 (0%)5 to threshold
Comments 0
Comments here are the same thread shown when this article appears in The Pulse.
No comments on this article yet.
Sign in to comment