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October 14, 2026

US Inflation Rises to 3.7% in September Amid Gas Price Surge

  • The consumer price index increased by 0.6% in September, with the annual rate reaching 3.7%, up from 3.4% in August.
  • Gasoline prices surged by 9.1%, contributing significantly to the overall CPI increase, influenced by disruptions in Middle East energy supplies.
  • Core CPI, excluding food and energy, rose 0.3% for the month, indicating ongoing inflation pressures.
  • Market expectations for a Federal Reserve rate hike have increased ahead of their next meeting later this month.

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