US inflation rises to 3.7% in September, above forecasts

AI-generated briefing · First published

Annual CPI rose 3.7% and monthly 0.6%, 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 expectations, according to the Bureau of Labor Statistics. Gasoline prices jumped 9.1% month-on-month and accounted for more than half of the monthly increase. [1] [2] [3] [5]

Core CPI, excluding food and energy, rose 0.3% on the month and 2.6% over the year. Shelter costs increased 0.4%, while food prices were unchanged. [1] [3]

US stocks fell after the data, with the Nasdaq down 0.8% and the S&P 500 off 0.6%. The dollar hit its highest level since May 2025 and Treasury yields rose as traders raised bets on a Federal Reserve rate hike later this month. [3] [4]

Sources

  1. CPI for all items increases 0.6% in September; gasoline rises

    BLS Consumer Prices · · Excerpt

  2. US inflation rises more than expected ahead of midterm elections

    BBC Business · · Excerpt

  3. US inflation rises before midterm elections, fuelling rate hike fears

    Al Jazeera · · Full text

  4. 纽约汇市：美元升至逾一年高点 美国通胀超预期推升加息押注

    Sina Finance · · Full text

  5. US inflation up 3.7 pct in September

    RTHK Finance · · Excerpt

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