U.S. September inflation rebounds! Core CPI year-over-year rise hits a new high since June, expectations of a Fed rate hike heat up.

According to the Zhitong Finance APP, data released by the U.S. Department of Labor on Tuesday showed that the U.S. CPI year-on-year increase rose to 3.7% in September, the highest since May this year and above the market expectation of 3.6%; the CPI month-on-month increase rose to 0.6%, the highest since April this year and in line with expectations. Soaring energy prices were a key driver of U.S. inflation - U.S. energy inflation surged 20.4% year-on-year in September, higher than 16.3% last month. At the same time, the U.S. core CPI year-on-year increase, which excludes volatile items such as energy and food, rose to 2.6% in September, the highest since June this year and above the market expectation of 2.5%; the core CPI month-on-month increase was 0.3%, above the market expectation of 0.2%.