US September CPI rises 0.6% as gasoline prices jump 9.1%

AI-generated briefing · First published

Gasoline prices drove more than half of the monthly increase, pushing annual inflation to 3.7%.

US consumer prices rose 0.6% in September, lifting the annual rate to 3.7%, the highest since May, according to Bureau of Labor Statistics data reported by Sina Finance and Cointelegraph. Gasoline prices surged 9.1% month-on-month and fuel oil 15.3%, accounting for over half of the overall monthly rise. [1] [2]

Core CPI, excluding food and energy, also came in 0.1 percentage point above forecasts at 2.6% year-on-year. Markets now price a 53.7% chance of a 25-basis-point Fed rate hike at the October 28 meeting. [2]

Sources

  1. 美国9月汽油价格环比上涨9.1%，贡献当月通胀涨幅的一半以上

    Sina Finance · · Full text

  2. Bitcoin price dips below $82K as high oil prices spike US CPI inflation

    Cointelegraph · · Full text

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