Forex Fundamentals
US Inflation Rate (CPI)

US Inflation Rate (CPI) 12 October 2023

US Inflation Rate (CPI) 12 October 2023: 3.7% for September 2023, above the 3.6% forecast and unchanged from 3.7% in August 2023. It is the second release in a row above the forecast. It was released on Thu 12 Oct 2023 at 12:30 UTC (8:30 AM ET).

These figures were verified on 4 Oct 2026 from the source: U.S. Bureau of Labor Statistics. This page reports the release as published: the figures, the consensus forecast and what a print like it usually does to the currency.

Actual
3.7%
September 2023
Forecast
3.6%
The market consensus
Previous
3.7%
As the source gives it

What a print like this usually does

Above the forecast: An upside surprise usually supports the dollar through higher expected Fed rates, especially if core inflation is also firm.

US Inflation Rate (CPI) 12 October 2023: 3.7% for September 2023 against a 3.6% forecast, with the last 12 releases
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Cite this release

If you cite this release, please link to this page:

US Inflation Rate (CPI) 12 October 2023: 3.7% vs 3.6% forecast (U.S. Bureau of Labor Statistics). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/us-cpi/2023-10-12

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
12 Oct 2023Sep3.7%3.6%3.7%
13 Sep 2023Aug3.7%3.6%3.2%
10 Aug 2023Jul3.2%3.3%3%
12 Jul 2023Jun3%3.1%4%
13 Jun 2023May4%4.1%4.9%
10 May 2023Apr4.9%5%5%
12 Apr 2023Mar5%5.2%6%
14 Mar 2023Feb6%6%6.4%
14 Feb 2023Jan6.4%6.2%6.5%
12 Jan 2023Dec6.5%6.5%7.1%
13 Dec 2022Nov7.1%7.3%7.7%
10 Nov 2022Oct7.7%8%8.2%
The release before:US Inflation Rate (CPI) 13 September 2023The release after:US Inflation Rate (CPI) 14 November 2023US Inflation Rate (CPI): every recent resultThis week’s economic calendar