Inflation likely worsened in September, according to Goldman Sachs - Yahoo Finance Australia

Everything has gotten pricier this year, and Goldman Sachs believes that the next Consumer Price Index inflation report released on Wednesday, October 14, will reflect an economy under even greater strain. The 157-year-old investment bank has long been considered one of the savviest watchers of the economy and markets. It estimates that CPI increased 3.7% year-over-year in September, slightly above Wall Street's consensus of 3.6% , and up from 3.4% in August . "We expect a 0.59% increase in headline CPI, reflecting higher food (+0.2%) and energy (+5.0%) prices, the latter driven by a further increase in retail gasoline prices. This corresponds to a year-over-year rate of +3.70% (vs. +3.6% consensus and +3.