Economists polled by Dow Jones expect the consumer price index to have risen 0.6% in September and 3.6% year-over-year, signaling an acceleration of inflation away from the Federal Reserve’s 2% target. Energy costs, particularly oil prices, have been the primary driver of inflation, with Brent crude climbing 14% in September and about 42% in the third quarter, currently trading around $105 per barrel. The Federal Reserve is expected to raise interest rates again, with markets anticipating the next hike at its December policy meeting. Economists also forecast that the producer price index will have increased 0.6% month-over-month and 5.5% year-over-year, marking a modest acceleration compared with the prior month.
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