The stakes for the September CPI report are higher after last week's red-hot jobs data. An upside surprise could stoke fresh volatility for stocks.

Consumer Price Index inflation data to be released on October 10 is expected to provide further support for the Federal Open Market Committee cutting rates in November.

Key Takeaways Inflation likely stayed tame in September, according to forecasters' expectations of a report scheduled for Thursday.Consumer prices are thought to have increased 2.3% over the year, the lowest annual inflation since February 2021.

India’s retail inflation may have spiked back over 5% in September, after two months under the central bank’s median target of 4%, economists reckoned, as price pressures built up for some food items like vegetables and beneficial base effects from the high inflation last year have begun to dissipate.