Sept CPI +0.5%, core CPI +0.1% (+0.127%.....>

US DATA: Sept CPI +0.5%, core CPI +0.1% (+0.127% unrounded), below 

forecasts for +0.6% overall and +0.2% core. The BLS said it could not 

quantify the impact of the hurricane and noted there was a small impact 

on data collection in Florida. The y/y rate for headline CPI now +2.2% 

vs +1.9% in Aug, but the y/y rate for core CPI still +1.7%. Energy 

prices were key, +6.1% for Sept, with gasoline prices +13.1%, leaving 

CPI ex only energy +0.1%. Food prices +0.1% on +0.3% on food away from 

home, offset by declines in meat, dairy, and fruit. Within the core, 

owners' equivalents rents +0.2% and lodging away from home +1.5%. New 

vehicles prices -0.4%, health care -0.1%. Overall, the data suggests 

stable growth of underlying inflation, allowing the FOMC to maintain a 

controlled pace of policy tightening. The 3Q/3Q average for the CPI-W, 

the pr oxy for the cost of living increase for Social Security 

recipients, rose 2.0%. See MNI main wire.