---
title: "Morgan Stanley expects the core CPI in September to rise 3.12% year-on-year, stating that the quality of subsequent data may deteriorate due to the government shutdown"
description: "Morgan Stanley expects that the core Consumer Price Index (CPI) in the United States will increase by 0.32% month-on-month in September, reflecting that core goods inflation remains positive while ser"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/262574561.md"
published_at: "2025-10-24T08:43:10.000Z"
---

# Morgan Stanley expects the core CPI in September to rise 3.12% year-on-year, stating that the quality of subsequent data may deteriorate due to the government shutdown

> Morgan Stanley expects that the core Consumer Price Index (CPI) in the United States will increase by 0.32% month-on-month in September, reflecting that core goods inflation remains positive while service inflation has slightly slowed down. The bank predicts that the overall CPI will rise by 0.41% month-on-month and 3.10% year-on-year, noting that this may be the last accurate inflation data before the deterioration of data quality due to a potential government shutdown in the United States

Morgan Stanley expects that the core Consumer Price Index (CPI) in the U.S. will rise by 0.32% month-on-month in September, reflecting that core goods inflation remains positive while service inflation has slightly eased. The bank predicts that the overall CPI will increase by 0.41% month-on-month and 3.10% year-on-year, noting that this may be the last accurate inflation data before the deterioration of data quality due to a potential government shutdown in the U.S

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.