For the current six-month I bond rate-setting period, inflation is running at 3.85%, as compared to the 3.58% rate of the last rate-setting period, according to today's Consumer Price Index announcement. If this rate continues in the final month of the rate setting period, the I bond rate announced on November 1 will be over 5%, as compared to the current 4.80%. I'll publish more exact numbers here in mid-October. Meanwhile, total investments in Savings Bonds continue to be heavily weighted towards I bonds - 63% in August - but dwindling on a year-over-year basis. Total sales this fiscal year are on track to be the lowest in three and perhaps four years. Savings Bond Alert readers can see an online updated monthly sales chart at Book Note 2-1.