# US CPI on 14 October: what August's 3.4% inflation, a weak jobs report and 5% yields mean for the report > The Bureau of Labor Statistics publishes September's consumer prices at 8:30 a.m. Eastern Time on 14 October. August showed 3.4% headline and 2.4% core inflation, while the PCE gauge shows 3.0% core. The Fed decides two weeks later. - Canonical URL: https://forextradingcommunity.com/news/us-cpi-september-2026-preview/ - Type: Preview - Published: 2026-10-13 - Updated: 2026-10-13 - Publisher: Forex Trading Community (https://forextradingcommunity.com), FTC Editorial Team - Currencies: USD The Bureau of Labor Statistics publishes the consumer price index for September on Wednesday 14 October 2026 at 8:30 a.m. Eastern Time (12:30 UTC). It is the last major US inflation reading before the Federal Reserve's meeting on 27–28 October. The figures below are those known on 5 October. ## Where August left things - **All items**: +0.4% on the month, +3.4% on the year - **Core (excluding food and energy)**: +0.3% on the month, +2.4% on the year - **Energy**: +2.1% on the month, +16.3% on the year - **Gasoline**: +3.9% on the month, +27.4% on the year - **Shelter**: +0.3% on the month, +3.0% on the year Producer prices were 5.4% higher on the year, led by diesel ([August report](/news/us-cpi-august-2026-inflation-3-4-percent/)). ## Two inflation gauges, two different core rates The Bureau of Economic Analysis' PCE price index, the Fed's preferred measure, was 3.4% in August, and its core measure was 3.0% on the year, against 2.4% for core CPI ([report](/news/us-pce-inflation-august-2026/)). The indexes weight shelter, health care and other items differently, so the committee reads both. ## What has happened since - Payrolls rose 29,000 in September, with the unemployment rate at 4.2% ([report](/news/us-jobs-report-september-2026-payrolls/)) - The ISM manufacturing prices index jumped to 77.9 and the services prices index was 74.0 ([report](/news/ism-pmi-september-2026-prices-77-9-services-54-9/)) - The 10-year Treasury yield closed at 5.28% on 2 October ([report](/news/us-treasury-yields-10-year-5-29-percent-september-2026/)) ## What to look at - **Core CPI on the month.** A reading near 0.3% keeps the annual rate drifting up - **Energy and gasoline.** Whether the August jump continued in September - **Shelter**, the largest part of core inflation - **The revisions and the Beige Book**, published at 2:00 p.m. Eastern Time the same day ## Why the dollar watches it CPI feeds directly into expectations for Fed policy, so it can move every dollar pair at once. The committee raised rates on 16 September and projected 4.1% at the end of 2026 ([report](/news/fed-raises-rates-september-2026/)); the [FOMC minutes](/news/fomc-minutes-october-7-2026-preview/) on 7 October show how it saw inflation at that meeting. [CPI explained](/news/cpi-inflation-explained-headline-and-core/) covers headline and core. ## What happens next Retail sales and producer prices follow on 15 October. October's CPI is on 10 November. ## Sources - [U.S. Bureau of Labor Statistics: CPI release schedule (September 2026: 14 October, 8:30 a.m.; October 2026: 10 November)](https://www.bls.gov/schedule/news_release/cpi.htm) - [U.S. Bureau of Labor Statistics: Consumer Price Index, August 2026](https://www.bls.gov/news.release/archives/cpi_09112026.htm) - [U.S. Bureau of Economic Analysis: Personal Income and Outlays, August 2026](https://www.bea.gov/news/2026/personal-income-and-outlays-august-2026) ## Common questions ### When is US CPI for September 2026 released? Wednesday 14 October 2026 at 8:30 a.m. Eastern Time, from the Bureau of Labor Statistics. ### What was US inflation in August 2026? 3.4% on the year and 0.4% on the month, with core inflation at 2.4%, according to the Bureau of Labor Statistics. ### What is the difference between CPI and PCE inflation? They weight spending differently. In August 2026, core inflation was 2.4% on the CPI measure and 3.0% on the PCE measure, which is the Fed's preferred gauge. ### When is the next Fed meeting after the CPI report? 27–28 October 2026, with the decision at 2:00 p.m. Eastern Time on 28 October. ### When is October's CPI released? 10 November 2026 at 8:30 a.m. Eastern Time. --- This article is for information only and is not financial advice. Trading forex and CFDs carries a high risk of losing money.