US September CPI Expected to Rise 0.6% on Gasoline Surge

US gasoline prices rose 7.1% in September, with the national average at $4.34 per gallon, driving expectations for a 0.6% monthly increase in September CPI due today. Diesel remains above $6 per gallon, adding to cost pressures. This data point will likely reinforce the Fed's cautious stance on inflation, potentially keeping rates higher for longer.