US producer prices rose 1.3% in September, the fastest monthly increase since March 2022, driven by a 10.8% jump in energy costs. The data suggests underlying inflation remains firm ahead of midterm elections.
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US inflation reached 3.7% in September, up from 3.4% in August, driven largely by energy costs. The rise occurs ahead of midterm elections, with gasoline and fuel oil prices seeing significant annual increases.
US inflation rose to 3.7% in September, driven by high energy costs from the Iran war. This is the final CPI report before the November midterm elections.
US consumer prices rose 0.6% in September, driving annual inflation to 3.7%. While general markets fell, AI infrastructure stocks also declined, though specific causal links to the CPI report were not detailed in available excerpts.