Citigroup Predicts Slower CPI Growth in September

Citigroup economists anticipate a 0.28% increase in the core Consumer Price Index (CPI) for September, marking a decrease from August’s 0.35% rise. While tariffs are expected to keep goods prices high, a slowdown in housing inflation is anticipated to ease overall service inflation. A potential government shutdown may delay the release of this data, however, Citigroup points out that a softening labor market and cooling housing prices mitigate the risk of sustained inflation.