Bulgarian inflation quickens to 2.1 pct y/y in September

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On the other hand, the Labor Department said prices for new vehicles, household furnishings and operations, medical care, and used cars and trucks fell during the month.

The consumer price index climbed 3.28 percent year-on-year, same as in August, which was revised from 3.36 percent.

The price index of a small basket in September 2017 compared to August 2017 was 100.7% and the overall increase since the beginning of the year (September 2017 compared to December 2016) has been 102.1%.

That's below the Fed's 2% target for annual inflation.

On a month-on-month basis, the CPI declined 0.15 percent and food prices fell 1.36 percent in September.

Meanwhile, Core CPI rose 0.1% month-over-month in September, below the prior month's reading of 0.2%, and below expectations of 0.2%.

However, stripping out the rise in energy and weather impact, underlying inflation and sales failed to pack the punch many had expected and the dollar fell on reduced expectations of a December rate hike.

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Excluding food and energy prices, core producer prices still rose by 0.4% in September after inching up by 0.1% in August. At their September meeting, officials penciled in a rate increase later this year, but some policymakers have expressed concerns about persistently soft inflation.

Market watchers were looking to Friday's inflation data for flickers of growth after the minutes of the Federal Reserve's policy meeting in September, which were released earlier this week, showed that many Fed officials are concerned that inflation will remain lower for longer.

The U.S. dollar snapped a losing streak on Thursday in the wake of solid U.S. economic data but U.S. Treasury yields dipped and Wall Street stock indexes were largely unchanged as earnings season kicked off with a whimper.

Gasoline prices spiked by 13.1% due to Hurricane Harvey and accounted for about three-fourths of the increase by the headline consumer price index.

With the unexpected increase, the consumer sentiment index surged up to its highest level reaching 103.8 in January of 2004.

US crude fell 1.72 percent to $50.42 per barrel and Brent was last at $56.00, down 1.65 percent on the day.

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