US Inflation Hits 3.7% in September, Above Forecasts
- 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.
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570 Articles
U.S. Inflation Rate Hits 3.7%, Driven by Energy Prices
U.S. inflation ticked up to 3.7% in September, up from August’s gain of 3.4%. Prices rose faster than wages, which have increased 3% from a year ago. Economists attribute the rise in inflation to higher energy prices, as critics say the U.S. war on Iran and President Trump’s tariffs are contributing to increased costs.
Powered by spikes in energy prices, inflation surges to 3.7% • Kentucky Lantern
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 […]
États-Unis: Donald Trump empêtré dans une inflation qu'il n'arrive pas à faire baisser
C'est une mauvaise nouvelle de plus pour Donald Trump à 15 jours des élections de mi-mandat : l'inflation continue d'augmenter. Deux ans après son retour à la Maison Blanche et alors qu'il avait fait campagne sur la promesse de faire baisser les prix, il a fait tout le contraire.
Donald Trump Has a Problem: Inflation Keeps Going Up and Up and He Looks Like He Has No Clue On How to Stop It
US inflation climbed to nearly four percent in September, driven by a surge in gasoline prices that accounted for more than half of the monthly rise. Core inflation also beat expectations, prompting one economist to warn of a possible rate hike, while pressure builds on President Trump before the midterms.
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