US Inflation Hits 3.7% in September, Above Forecasts
Gasoline rose 9.1% and drove more than half of the monthly increase, while core prices climbed 2.6% from a year earlier, the BLS said.
- On Wednesday, the Bureau of Labor Statistics reported consumer prices rose 0.6% in September, pushing annual inflation to 3.7%, well above the Federal Reserve's 2% target.
- Driven by the Iran war, gasoline prices jumped 9.1% in September, accounting for over half of the monthly inflation increase as oil infrastructure disruptions persisted.
- Excluding volatile food and energy categories, core prices rose 0.3% in September and 2.6% annually, signaling persistent inflation pressure beyond fuel costs.
- The inflation report lands weeks before the November 3 midterm elections, where affordability remains a central voter concern, creating headwinds for the administration and Republican candidates.
- Policymakers meet October 28 to decide on interest rates, with investors pegging a nearly 25% chance of another increase and officials signaling one additional hike this year.
366 Articles
366 Articles
Powered by spikes in energy prices, inflation surges to 3.7% • Rhode Island Current
Inflation grew to a 3.7% annual rate in September, according to an Oct. 14 report from the U.S. Bureau of Labor Statistics, up from 3.4% in August. In the last consumer price inflation report before midterm elections, with voters already fed up with higher prices, September’s number was the highest since May, when it was […]
Michigan Advance
Powered by spikes in energy prices, inflation surges to 3.7%
Inflation grew to a 3.7% annual rate in September, according to an Oct. 14 report from the U.S. Bureau of Labor Statistics, up from 3.4% in August. In the last consumer price inflation report before midterm elections, with voters already fed up with higher prices, September’s number was the highest since May, when it was […]
Powered by energy price spikes, inflation surges to 3.7% in last report before midterm elections
Inflation grew to a 3.7% annual rate in September, according to the U.S. Bureau of Labor Statistics, up from 3.4% in August. Spikes in energy prices were largely responsible: Gas is now up 34% for the year, and fuel oil, which includes diesel, is up 72% as the Iran war drags on.
Pennsylvania Capital-Star
Source New MexicoPowered by spikes in energy prices, inflation surges to 3.7% in last report before midterm elections
Spikes in energy prices were largely responsible: Gas is now up 34% for the year, and fuel oil, which includes diesel, is up 72% as the Iran war drags on.
Core Inflation Holds Steady in September, Energy Costs Push CPI Higher
September’s core inflation rate provided a bright spot to the monthly Consumer Price Index (CPI) report released by the U.S. Bureau of Labor Statistics (BLS) on Wednesday.Core inflation, which excludes volatile energy and food products, increased a seasonally-adjusted 0.3% in September, matching August’s month-to-month rise, the BLS reports. The 12-month core inflation of 2.6% in September was higher than August’s 2.4% 12-month rise – but, that …
The cost of energy has increased by 20% in one year, according to statistics published on Wednesday 14 October. Bad news for Donald Trump, elected two years ago on the promise to lower prices.
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