Economists had expected the pace of import price growth to match the 0.5 percent increase originally reported for the previous month. He added, "Despite the disappointing CPI release yesterday, the Fed will likely keep rates unchanged in November as financial conditions tighten organically from the recent spike in bond yields." Export prices in September were down by 4.1 percent compared to the same month a year ago, reflecting the smallest year-over-year decline since February.