August's CPI-U value of 219.086 was released, showing a slight deflation from July's 219.964.
We now have 5 of the 6 months of CPI-U data for the next I-Bond rate in November. If we assume September's change remains along the average of the previous 5 months at 3.12%, we can expect a new I-bond rate of 6.24% assuming a 0% fixed rate.
Given the craziness of the economic environment today, the results for September's CPI-U could be anything. Since the average CPI-U for the past 5 months is pretty high, it is unlikely we will see a 6.24% I-Bond, but it will still be in that area.
I-Bonds continue to be a solid investment since they will always return a positive real return on your investment, which is exciting when even a money market account can't retain value these days.
