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CPI: Prices rose 3.7% in September

Inflation continued its climb in September.

· 92 words

Inflation heated back up in September, with the Consumer Price Index coming in at a hotter-than-expected 3.7% annual reading, driven primarily by surging fuel prices. But even "core" inflation, which excludes energy and food, increased more than economists projected, rising 2.6% annually, up from 2.4% in August.The latest figures complicate the Federal Reserve's task of bringing down inflation to its 2% target. Traders had widely been expecting the Fed to hold interest rates steady at its meeting later this month, but odds of a hike are now rising on the September data.

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Thursday, October 15, 2026

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