Why inflation is heating up again across almost every category.mp4

• September headline CPI rose 0.6% month-over-month (in line with estimates) and 3.7% year-over-year (estimate 3.6%).
• Core CPI (excluding food and energy) rose 0.3% month-over-month (hotter than 0.2% estimate) and 2.6% year-over-year (estimate 2.5%).
• Energy prices saw significant re-acceleration, with gasoline up 9.1% month-over-month and fuel oil (diesel) up 15.3% month-over-month, reversing previous declines.
• Inflationary pressures are broad-based, with re-acceleration noted in used vehicles (+0.7% MoM), electricity, gas service (falling less than prior month), apparel, shelter, transportation, and medical care services.

The September CPI report indicates a re-acceleration of inflation across most categories, with headline CPI rising 0.6% month-over-month and core CPI up 0.3% month-over-month, both slightly hotter than estimates on a year-over-year basis. Energy prices, used vehicles, and various services are driving this renewed inflationary pressure, suggesting continued challenges for the Federal Reserve.