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US Inflation Hits 3.7% in September, Above Forecasts
Gasoline jumped 9.1% and energy costs climbed 5.2%, keeping inflation above the Federal Reserve’s 2% target, the Bureau of Labor Statistics 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.
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145 Articles
145 Articles
Inflation worsened last month in sign that prices remain high as midterms near
U.S. inflation accelerated last month as gas, clothes, and air fares got more expensive, evidence that rising prices remain an economic challenge just a few weeks before the midterm elections that have focused heavily on issues related to affordability.
·Portland, United States
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Le Journal de MontrealReposted by 
Le Journal de Quebec
Le Journal de QuebecInflation in the United States continued to accelerate in September, with prices rising by 3.7% over a year.
·Montreal, Canada
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Consumer prices climb 0.6% month-on-month, with gasoline accounting for over half the increase
·Ankara, Türkiye
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Coverage Details
Total News Sources145
Leaning Left20Leaning Right17Center40Last UpdatedBias Distribution52% Center
Bias Distribution
- 52% of the sources are Center
52% Center
L 26%
C 52%
R 22%
Factuality
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