CPI report shows headline inflation for September was hotter than forecast on rising shelter costs

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CPI report shows headline inflation for September was hotter than forecast on rising shelter costs
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Greg Robb is a senior reporter for MarketWatch in Washington. Follow him on Twitter @grobb2000.

The numbers: U.S. consumer prices climbed 0.4% in September, the Labor Department said Thursday. While the pace is softer than the 0.6% gain in the prior month, it was hotter than forecast.The rate of inflation in the 12 months ended in September remained steady at 3.7% rate from August. Economists were expecting a 3.6% increase.

The closely-watched “core” measure of inflation that omits volatile food and energy rose 0.3 in September for the second straight month. That was in line with forecasts.

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