[U.S. September Overall and Core CPI Annual Rate May Approach 3%] Dean Baker, Chief Economist at the UK research institution CEPR, stated that the U.S. September CPI data might be similar to August, with the energy component possibly continuing to grow rapidly, while the growth rate of the household food component may slow down. The September core CPI monthly rate is expected to be 0.3%, which may round up to 0.4%. The overall and core CPI annual rate may approach 3%, higher than the Federal Reserve's 2% target. The direction of inflation changes may concern the Federal Reserve, making it difficult to achieve inflation targets in the short term.