October 14, 2026
The Labor Department released a report on Wednesday showing an increase in U.S. consumer prices in September, including core consumer prices, which exclude food and energy. Consumer prices climbed by 0.6% in September after rising by 0.4% in August. The Labor Department said the annual rate of consumer price growth jumped from 3.4% in August to 3.7% in September. Monthly, consumer prices increased at the fastest rate since April due to a surge in energy prices. Energy prices shot up by 5.2% in September, with the Labor Department noting a 9.1% spike in gasoline prices accounting for over half of the monthly all-items increase.
Meanwhile, the report said core consumer prices, which exclude food and energy prices, rose by 0.3% for the second straight month. The annual rate of core consumer price growth also accelerated from 2.4% in August to 2.6% in September. The monthly increase in core prices reflected higher prices for shelter, recreation, used cars and trucks, education, airline fares, medical care, and apparel. On Thursday, the Labor Department is scheduled to release a separate report on producer price inflation in September. 10/14/2026 - 09:58:00 (RTTNews)
Euro traded at 1.1118 against USD at 9:00 AM PST
Germany's wholesale price inflation hit its highest since early 2023 on energy and intermediate goods prices in September. Wholesale price inflation rose from 6.8% in the prior month to 8.7%. A higher price increase than that in September 2026 was last recorded in February 2023. The annual inflation growth was still attributable to the conflict in Iran and the Middle East, which resulted in higher wholesale prices of energy products and intermediate goods such as metals. Month-on-month, wholesale prices rose 1.9% in September, following August's 0.9%. 10/14/2026 - 04:19:00 (RTTNews)
Spain's inflation accelerated to the highest level in more than three-and-a-half years in September. Consumer price inflation climbed from 4.3% in August to 4.9% in September. This was the highest rate since February 2023, when inflation stood at 6.0%. Underlying inflation advanced from 2.9% in August to 3.1%. Likewise, EU harmonized inflation rose to 5.0% from 4.6% in the prior month. Monthly, growth in consumer prices slowed notably from 0.7% in the prior month to 0.3%. The harmonized index of consumer prices climbed 0.6% after rising 0.7% in August. 10/14/2026 - 08:08:00 (RTTNews)
China's consumer price inflation rose only slightly in September due to the fall in food prices, and remained sluggish when compared to global peers, while producer price inflation reached its highest level in over four years on rising commodity prices. Consumer prices rose 0.9% in September from a year ago, slightly faster than the 0.8% increase seen in August.
At the same time, core inflation that excludes volatile food and energy prices remained stable at 1.0%. Food prices decreased 1.7% due to the 10.0% fall in pork prices. Meanwhile, gasoline prices surged 16.6%, contributing about 0.47% to the annual growth in consumer prices. Monthly, consumer prices climbed 0.2%. Producer price inflation accelerated from 3.8% in August to 5.0% in September. 10/14/2026 - 07:46:00 (RTTNews)
The Monetary Authority of Singapore (MAS) kept its monetary policy unchanged on Wednesday after tightening it twice consecutively. The MAS maintained the rate of appreciation of the policy band. Also, there will be no change in the width of the band and the level at which it is centered, the bank said in a statement.
Rather than adjusting interest rates, the MAS uses the exchange rate against a basket of currencies within an undisclosed bank as its monetary policy tool. Previously, the bank had tightened its policy in April and July.
"The current appreciating policy band will allow the S$NEER to continue to strengthen and lean against the anticipated near-term rise in imported inflation, ensuring the gradual easing of inflationary pressures in 2027," the bank said. 10/14/2026 - 05:56:00 (RTTNews)
This market update is prepared by Cathay Bank for informational purposes only and does not constitute any form of legal, tax or investment advice, nor should it be considered an assurance or guarantee of future exchange rate movements or trends. This information is provided without regard to the specific objectives, financial situations or needs of any recipient. Cathay Bank does not make any representations or warranties about the accuracy, completeness or adequacy of this market update.
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