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The latest inflation data is expected to show price increases are accelerating

Economists polled by Dow Jones expect September's consumer price index, due Wednesday, to rise 0.6% month over month and 3.6% year over year, which would show inflation accelerating further from the Federal Reserve's 2% goal. Core inflation, excluding food and energy, is forecast at 0.2% monthly and 2.5% annually, a slight monthly slowdown but a year-over-year uptick. Oil prices are a key driver: Brent rose more than 14% in September and about 42% in the third quarter, trading near $105 a barrel, and economists warn sticky energy costs could push up other prices. After the Fed's first rate increase in three years last month, traders expect the next hike at the December meeting.

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Impact is scored by AI from the headline and may be wrong. It is not investment advice.

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