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Zenger
Zenger
Business
Piero Cingari

October CPI Could Signal Crucial Shift In Economic Landscape

Inflation Bank of America Jerome Powell United States US Federal Reserve
A view of the data in a computer screen. October is expected to show increase growth in inflation. (MARKUS SPISKE/UNSPLASHED)

The U.S. Consumer Price Index (CPI) inflation is set to drop from an annual 3.7% rate in September to a 3.3% rate in October, marking the first drop since June 2023, according to the median economist consensus.

A view of the data in a computer screen. October is expected to show increase growth in inflation. (MARKUS SPISKE/UNSPLASHED) 
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