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.
369 Articles
369 Articles
Colorado Newsline
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 […]
U.S. Inflation Hits 3.7 Percent - by Jan Wondra
On Wednesday, October 14 the United States Bureau of Labor Statistics announced that the rate of annual inflation across the country during the month of September hit 3.7 percent. That number was higher than economists expected, led by a sharp rise in energy costs. Gas prices rose 9.1 percent during the month of September, and […]
US September inflation rate at 3.7% defies forecasts, impacting daily expenses
U.S. inflation rose at an annual rate of 3.7% in September, exceeding economist expectations of 3.6%. The acceleration was driven primarily by a surge in energy prices, increasing the cost of essential goods and services for American households. The Impact on Household Costs The Consumer Price Index (CPI), which measures the price changes of a standard basket of goods, indicates that the cost of living is rising faster than anticipated. This shi…
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 […]
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.
Coverage Details
Bias Distribution
- 49% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
