The consumer price index is expected to have risen just 2.3 percent in September from 12 months earlier, down from the 2.5 percent year-over-year increase in August, according to economists surveyed by FactSet,

The overall inflation index has been cooling substantially from a peak of 9.1 percent in the summer of 2022. And both this index and a related measure — the Federal Reserve’s preferred Personal Consumption Expenditures index — have been creeping closer to the 2 percent annual rate that the central bank aims for over time.

Commsec Market Analyst Laura Besarati says United States is expected to see a “moderation” in their inflation figure.