Mmastodon BusinessCrypto first seen 3 d ago, last 3 d ago, peak #1

US Inflation Rises to 3.7% on Gasoline Costs

Original: US Inflation Accelerates to 3.7% in September, Driven by Gasoline Prices The Bureau of Labor Statistics reports headline

The US Bureau of Labor Statistics reports that headline inflation accelerated to 3.7% annually in September, up from prior months, driven largely by gasoline prices which surged 9.1%. Core CPI, which excludes food and energy, climbed to 2.6% year over year. The uptick keeps pressure on the Federal Reserve as it weighs further interest rate decisions.

Why now: Fresh CPI data has just been released, renewing debate over the direction of US inflation and Federal Reserve rate policy.

US Bureau of Labor StatisticsFederal ReserveUnited States

Open on mastodon →

Evidence

• US Inflation Accelerates to 3.7% in September, Driven by Gasoline Prices The Bureau of Labor Statistics reports headline inflation rose to 3.7% annually in September, with gasoline surging 9.1% and core CPI climbing to 2.6%. https:// newisty.com/blog/us-inflation-… · newisty

API: https://socialmediatrends-api.osmike.com/v1/trends/2304484