US inflation rises to 3.7% in September, above forecasts
AI-generated briefing · First published
September CPI rose 0.6% monthly and 3.7% yearly, driven by gasoline. Markets fell and rate-hike odds increased ahead of midterms.
US consumer prices rose 0.6% in September from August and 3.7% from a year earlier, both above forecasts, according to the Bureau of Labor Statistics. Core prices excluding food and energy rose 0.3% monthly and 2.6% yearly. [1] [2] [3]
Gasoline prices jumped 9.1% in the month and 34.2% over the year, accounting for more than half the monthly CPI increase. Shelter costs rose 0.4% while food prices were unchanged. [2] [3]
US stocks fell after the report; the Nasdaq dropped 0.8% and the S&P 500 fell 0.6%. The dollar rose to its highest level since May 2025 and Treasury yields increased. [3] [4] [5] [6]
Sources
- CPI for all items increases 0.6% in September; gasoline rises
BLS Consumer Prices · · Excerpt
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- US inflation rises before midterm elections, fuelling rate hike fears
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WSJ Markets · · Summary only
- U.S. Stocks Fall On Hot Inflation Report, AI Sell-Off
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