From CNBC: Prices that people pay for a variety of goods and services rose less than expected in September, according to a Bureau of Labor Statistics report Friday that keeps the door wide open for another interest rate cut next week.
The consumer price index showed a 0.3% increase on the month, putting the annual inflation rate at 3%. Economists surveyed by Dow Jones had been looking for respective readings of 0.4% and 3.1%. The annual rate reflected a 0.1 percentage point uptick from August.
Excluding food and energy, core CPI showed a 0.2% monthly gain and an annual rate also at 3%, compared to respective estimates of 0.3% and 3.1%, the latter being unchanged from a month ago. Core CPI on a monthly basis had posted 0.3% gains in both July and August.
WATCH BELOW:
FOX BIZ: “Markets are on FIRE” right now 🔥
President Trump beat expectations again with inflation LOWER than expected. pic.twitter.com/CiZt6HxQPt
— RNC Research (@RNCResearch) October 24, 2025
The positive numbers have created a spike in the stock market Friday morning.
The stock market just hit another record high after inflation came in below “expert” predictions again. The S&P 500 has now soared nearly 2000 points since April, when those same “experts” told you the economy was tanking. Hope you bought more or at least held! pic.twitter.com/uJB2LuoxAh
— Clay Travis (@ClayTravis) October 24, 2025
The White House Rapid Response team reported, “The White House has learned there will likely NOT be an inflation release next month for the first time in history.”
However, they added, “Due to the Democrat Shutdown, surveyors cannot deploy to the field — depriving us of critical data. The economic consequences could be devastating.”
🚨 BREAKING: The White House has learned there will likely NOT be an inflation release next month for the first time in history.
Due to the Democrat Shutdown, surveyors cannot deploy to the field — depriving us of critical data.
The economic consequences could be devastating. https://t.co/eGvAtGVtOg
— Rapid Response 47 (@RapidResponse47) October 24, 2025
NEC Director Kevin Hassett on the September CPI report: “It was a really good report for a number of reasons. The first is that it went down a little bit from August… it was a little bit below expectation.” pic.twitter.com/ViVOj4GBSe
— Rapid Response 47 (@RapidResponse47) October 24, 2025
Prices that people pay for a variety of goods and services rose less than expected in September, according to a Bureau of Labor Statistics report Friday that is the only official economic data allowed to be released during the government shutdown. https://t.co/eS5Vi38pEu pic.twitter.com/3gKOJt8P9I
— CNBC (@CNBC) October 24, 2025
See our interactive graphics on today’s new Consumer Price Index data https://t.co/h249qTRBwC #CPI #BLSdata #DataViz
— BLS-Labor Statistics (@BLS_gov) October 24, 2025
Inflation rate hit 3.0% in September, LOWER than expected, long-awaited CPI report showshttps://t.co/GNkXpjpaLx
— Trump War Room (@TrumpWarRoom) October 24, 2025
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