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US inflation rose to 3.7% in September, driven by gas prices
5 sourcesLeft-leaning 2Center 3Right-leaning 0
Summary
The Consumer Price Index rose 3.7% over the year to September, after holding steady the prior month, the Bureau of Labor Statistics reported. Monthly prices increased 0.6%, driven largely by a 9.1% jump in gas prices. U.S. stocks fell following the report amid a broader AI-related sell-off and expectations of another Federal Reserve rate increase. The data arrived ahead of the midterm elections and keeps pressure on President Trump and the Fed over price pressures.
Left-leaning
- Inflation jumps to 3.7% as gas and diesel prices squeeze consumers ahead of the midtermsNBC News · Oct 14, 8:34 AM
- Higher Energy Prices Pushed U.S. Inflation Up to 3.7% Ahead of Midterm ElectionsNew York Times · Oct 14, 2:54 PM
Center
- Gas prices drove consumer prices up an annual 3.7% in SeptemberUPI · Oct 14, 10:34 AM
- Inflation rose slightly in SeptemberThe Hill · Oct 14, 4:55 PM
- U.S. Stocks Fall on Hot Inflation Report, AI Sell-OffWall Street Journal · Oct 14, 5:32 PM