Inflation Rate Rises More Than Expected - TheStreet

The September

Consumer Price Index -- a key measure of inflation -- came in higher than expected, which the market likely won't like.

The year-over-year growth in consumer prices is now at a rate of 3.5%.

CPI is a closely watched piece of economic data, particularly now as investors are keenly interested in just how much the pace of economic growth is slowing and just how much the threat of inflation remains. After all, the series of interest rate hikes put into place by the

Federal Reserve was designed to slow economic growth and keep significant price increases at bay.

Consumer Price Index. Source:

Labor Department. Actual: 0.5%. Forecast: +0.4%. Previous: -0.1%.

Ex-food and energy

: Actual: 0.3%. Forecast: +0.2%. Previous: +0.2%.

Real earnings for September. Source: Labor Department. Actual: -0.1%. Forecast: N/A. Previous: +0.1%.

Housing starts for September. Source:

Census Bureau. Actual: up 0.3% to 1530M. Forecast: 1.545M. Previous: 1.531M.

For a longer-term economic calendar and more, see

TSC's

Economic Databank.