Consumer prices rose 0.6% in September, putting annual inflation rate at 3.7%

September consumer prices rose 0.6% month over month, pushing the annual inflation rate to 3.7%, according to CNBC's report on the consumer price index.

The monthly gain matched the Dow Jones consensus forecast of 0.6%. The annual figure came in a tenth above the 3.6% economists expected. That slight upside miss on the year-over-year reading keeps inflation well above the Federal Reserve's stated goal, and the report described September as bringing little relief to the accelerating cost of living.

Interpretation: a monthly print in line with consensus suggests the headline surprise was modest, but the annual rate overshooting by 0.1 percentage point reinforces that disinflation has not yet gained traction. Consumer prices increased again, extending a run in which the cost of living keeps climbing faster than policymakers want. For the Fed, a persistent gap between 3.7% annual inflation and its target argues against any near-term pivot toward easier policy, though the supplied data does not include Fed commentary or market pricing reactions.