Inflation in the US was lower than expectations and reached 3%.
The annual inflation rate in the US rose to 3% in September 2025, the highest since January. The rate was 2.9% in August, below the estimate of 3.1%. Energy prices rose 2.8%, the highest since May 2024, following a 0.2% increase in August. The increase was led by fuel oil (-0.5% vs -4.1%) and gasoline (-6.6% vs -0.5%). Natural gas's increase was smaller (13.8% vs. 5.1%). New car prices also increased slightly faster (0.8% vs. 0.7%). On the other hand, there was a slowdown in the food sector (3.1% vs 3.2%), used cars and trucks (5.1% vs 6%) and transportation services (2.5% vs 3.5%). Housing inflation remained steady at 3.6%. Meanwhile, annual core inflation decreased from 3.1% to 3% and the market expects this rate to remain at 3.1%. Compared to the previous month, CPI increased by 0.3%, falling below August's 0.4% and the forecast of 0.4%. The gasoline index rose 4.1%, becoming the largest factor driving the monthly increase for all commodities. The core index rose 0.2%, falling below August's 0.3% gain and the 0.3% forecast.
