U.S. CPI Rises 0.1% as Inflation Remains Muted

The video discusses recent inflation data, highlighting that inflation is slightly above economists' estimates but remains contained. The September Consumer Price Index (CPI) rose by 0.1%, slightly better than expected, with a year-over-year increase of 1.7%. Core inflation, excluding volatile food and energy costs, aligns with expectations. The Federal Reserve's 2% inflation goal remains unmet since 2012. Energy costs, particularly fuel prices, have significantly impacted inflation, with a notable drop in September and further declines expected in October. The market reacted with some selling in Treasurys, affecting yields.

What was the year-over-year increase in inflation?

What factors contributed to the inflation numbers being in line with economists' expectations?