The CPI-U measurement dropped for the second month in a row, ending at 218.783 - down from 219.086 in August.
We now know the CPI-U change from March to September, meaning the new inflation-linked portion of November's I Bond rate is ready. With an increase in CPI-U of 2.46%, we can expect to see November's I bond rate be 4.92%. This rate assumes a 0% fixed rate for the bond, which is what the fixed rate is currently. With the economic downturn we are experiencing, the 4.92% is attractive enough without raising the fixed rate, so it is unlikely we will see movement.
If you purchase a bond now, you will receive the 4.84% rate for 6 months, then the rate will adjust to the expected 4.92% in April.
