September CPI rises 0.6% on the month and 3.7% on the year, above the 3.6% forecast; core up 0.3% m/m
US consumer prices rose 0.6% in September and 3.7% from a year earlier, up from 3.4% in August and a touch above the 3.6% economists expected. Gasoline jumped 9.1% in the month and accounted for over half of the monthly increase. Core CPI, which strips out food and energy, rose 0.3% on the month and 2.6% on the year, versus forecasts of 0.2% and 2.5%. The hot print raised expectations that the Fed may tighten further.
- Headline CPI +0.6% m/m, +3.7% y/y (August: 3.4% y/y; forecast 3.6%)
- Core CPI +0.3% m/m, +2.6% y/y (forecast 0.2% and 2.5%)
- Gasoline +9.1% in September, +34.2% over the year; energy +20.4% y/y
- Shelter index +0.4% m/m, 3.2% y/y
SPX around the story · hourly24 h reaction ▼ 1.27%
Moves this explains
ARM−9.78%Oct 13 · Fell 9.8% in a sharp risk-off, tech-led selloff (Nasdaq-100 ETF -2.7%, Nvidia -4.9%, AMD -8.7%, Micron -7.0%). It followed a hotter-than-forecast September CPI report (3.7% on the year versus 3.6% expected) the same morning. No single company-specific cause was reported.CBRS−8.45%Oct 13 · Fell 8.4% in a sharp risk-off, tech-led selloff (Nasdaq-100 ETF -2.7%, Nvidia -4.9%, AMD -8.7%, Micron -7.0%). It followed a hotter-than-forecast September CPI report (3.7% on the year versus 3.6% expected) the same morning. No single company-specific cause was reported.CRCL−8.14%Oct 13 · Fell 8.1% in a sharp risk-off, tech-led selloff (Nasdaq-100 ETF -2.7%, Nvidia -4.9%, AMD -8.7%, Micron -7.0%). It followed a hotter-than-forecast September CPI report (3.7% on the year versus 3.6% expected) the same morning. No single company-specific cause was reported.IONQ−11.09%Oct 13 · Fell 11.1% in a sharp risk-off, tech-led selloff (Nasdaq-100 ETF -2.7%, Nvidia -4.9%, AMD -8.7%, Micron -7.0%). It followed a hotter-than-forecast September CPI report (3.7% on the year versus 3.6% expected) the same morning. No single company-specific cause was reported.MARA−10.50%Oct 13 · Fell 10.5% in a sharp risk-off, tech-led selloff (Nasdaq-100 ETF -2.7%, Nvidia -4.9%, AMD -8.7%, Micron -7.0%). It followed a hotter-than-forecast September CPI report (3.7% on the year versus 3.6% expected) the same morning. No single company-specific cause was reported.SNDK−8.49%Oct 13 · Fell 8.5% in a sharp risk-off, tech-led selloff (Nasdaq-100 ETF -2.7%, Nvidia -4.9%, AMD -8.7%, Micron -7.0%). It followed a hotter-than-forecast September CPI report (3.7% on the year versus 3.6% expected) the same morning. No single company-specific cause was reported.Source
CNBC (BLS Consumer Price Index data)Oct 14, 2026