Economic Report: Consumer prices jump again in September and CPI shows little letup in high inflation

The consumer price index is expected to rise 0.3% in September, according to economists polled by The Wall Street Journal. Such an increase would lower the rate of inflation over the past year to 8.1% from 8.3%, but still leave it near a 40-year high.

The core rate of inflation that omits food and energy is forecast to climb 0.4%. The 12-month increase could rise to 6.5% from 6.3% in August. The CPI report will be released at 8:30 a.m. Eastern by the Bureau of Labor Statistics.