A big unknown ahead of the September CPI is how much the government shutdown, which started Oct. 1, impacts the data. Ten days later, statisticians at the Bureau of Labor Statistics were called back to work to complete the report.

Economists think inflation around the U.S. continued to climb in September, edging farther away from the Fed's 2% annual target.

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The softer-than-expected CPI report cemented expectations that the Federal Reserve will lower interest rates next week, but nothing is certain for December, economists said. Richard Moody, chief economist at Regions Financial,

The White House said on Friday it had learned there likely will not be a release of inflation data next month due to the U.S. government shutdown, which could leave a gap in a data series stretching back more than a century.

That would follow the expected 25-basis-point reduction at the Fed’s Oct. 29–30 meeting, extending a series of so-called “insurance cuts” aimed at cushioning the economy from slowing growth, sticky tariffs, and weakening hiring.

The report was originally scheduled to be released on October 15, but was pushed to Friday due to the ongoing government shutdown.