Inflation in the United States reached 3% in September, a slight increase from the 2.9% recorded in August, according to data released by the Department of Labor. Although the figure remains below current market expectations, which pointed to 3.1%,it shows that price pressures have not completely disappeared.
The monthly increase stood at 0.3%, driven mainly by higher gasoline prices (4.1%) and energy services. There were also smaller increases in housing, insurance, and food. These components keep the index above the 2% target that the Federal Reserve (Fed) considers ideal for a stable economy.
What does this mean for monetary policy?
The data come at a critical time, as the Federal Reserve weighs new interest rate cuts after months of tightening aimed at curbing inflation. A sustained rise in prices could delay such a move, especially if energy costs continue to climb and global oil markets remain unstable.
Economists suggest that the persistence of “sticky” inflation in core sectors, such as housing and services, means the Fed must proceed cautiously. Some analysts believe the central bank will hold off on significant rate changes until clearer evidence of cooling prices emerges.
The report was also released amid a partial shutdown of the federal government, limiting access to other key economic indicators. Analysts warn that while inflation appears under control, external factors, such as oil price volatility, supply chain disruptions, and high public spending, could complicate the outlook in the coming months.
