US CPI: headline data are good news for the FOMC - ANZ

Analysts at ANZ offered a review of the US CPI data.

Key quotes:

"The US September CPI came in as expected at 1.5% y/y and its highest level in 23 months. As oil prices consolidate around current levels that will help push inflation up towards target in coming quarters. Core inflation remains stable at 2.2% y/y.

The headline data are good news for the FOMC achieving its dual mandate. Within the CPI data, gasoline prices rose 5.8% m/m, accounting for half of the 0.3% m/m gain. Services (ex-energy) inflation and 60% of the CPI index remained firm at 3.2% y/y with shelter costs up 3.4% y/y and medical care costs up 4.8% y/y. In other data, the NAHB Housing Market Index dipped back to 63 vs 65 as expected."

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.