The story so far
- Public Inflation Expectations Jump to 3-Year High5 sources
- Fed's Hammack Says Rates May Need to Rise7 sources
- Hotter Inflation Data Sends Rate-Hike Bets Soaring3 sources
- US Inflation Rises to 3.7% in SeptemberYou are hereLatest
Updated 18m ago · Business
US Inflation Rises to 3.7% in September
Annual inflation rose to 3.7% in September, up from 3.4% in August. Prices climbed 0.6% for the month.
- 3.6% was the annual rate economists expected, so September ran slightly hot.
- 2.6% annual core inflation, up from a five-year low of 2.4%.
- $4.30 a gallon remains the floor for average U.S. gas prices.
- $6.29 a gallon for diesel, up about 66% since the Iran war began.
Why it matters: This is the last inflation report before the November midterms, which will decide control of Congress. Energy costs tied to the Iran war drove much of the increase.
- Nine in 10 Americans say prices most shape their economic views, a CBS News poll found.
- Consumer sentiment neared its lowest reading in the University of Michigan survey's 74-year history.
How 63 sources split on this story
Source landscape
Factuality
High
Mixed
Low
Strong LeftLeftLean LeftCenterLean RightRightStrong Right
Political Bias
Coverage by lean
63 sources · 91 articles · 40% Center coverage
Where they split: Coverage differs on whether a strong economy offsets inflation, or whether weak September hiring signals new strain.
Center coverage, 25 sources: The center treats it as a market data release, measuring results against economists' forecasts.
CNBC6hHow high inflation became a 'fact of life' in the U.S.CTV News10hU.S. inflation worsened last month to 3.7% in sign that prices remain elevated as midterm elections nearReuters4hFed survey shows price pressures intensifying amid rise in fuel costsAxios7hNew inflation warning signIBTimes9hInflation Came in Hotter Than Expected Last Month. Odds of a Fed Rate Hike In October Are Surging.The Hill10hLive updates: Inflation rises in September; Trump jets to Arizona, MontanaThe National Desk5hInflation uptick to 3.7% puts Fed rate decision under sharper focus before electionsYahoo News9hSurging gas prices pushed CPI inflation to 3.7% in September. The Fed is watching.Associated Press12hMore expensive gas, semiconductors likely pushed up inflation last monthBBC News10hUS inflation rises more than expected ahead of midterm electionsChicago Tribune10hInflation worsened last month to 3.7% in sign that prices remain elevated as midterm elections nearFinancial Times10hUS inflation jumps to 3.7% as Iran war drives up pricesForbes10hAnnual Inflation Rate Hits 3.7% After Consumer Prices Rose 0.6% In SeptemberMarketWatch6h3 things that are driving inflation higherNewsweek10hDonald Trump suffers inflation nightmare just weeks before midtermsNOTUS10hInflation Rose Again Last Month, Complicating Republicans’ Midterms Pitch - The Washington SunNPR9hInflation sizzled in September -- and Social Security benefits will get a boostPBS NewsHour9hInflation worsened last month to 3.7% as midterm elections nearScripps News10hUS inflation climbs as gas, clothing, and airfares get more expensiveSemafor3hInflation report raises Fed rate-hike oddsStateline6hPowered by spikes in energy prices, inflation surges to 3.7% in last report before midterm elections • StatelineUSA Today10hInflation surpassed worker paychecks for third straight monthWFLA News Channel 87hInflation rose to 3.7 percent in September: BLSWKBN Youngstown9hInflation rose to 3.7 percent in September: BLSWRBL Columbus10hInflation rose to 3.7 percent in September: BLS
Left coverage, 20 sources: The left focuses on the Iran war's push on energy prices and a hotter-than-expected reading for households.
ABC News10hInflation climbs in September as gas prices stay highCBS News10hSeptember CPI report shows inflation accelerated to 3.7% as energy costs soaredThe Independent8hUS inflation worsens to 3.7% as price of gas and other goods spikesThe New York Times57mSoaring Energy Prices Push Inflation HigherMedia Matters5hFox News buries new consumer price report showing inflation surging under TrumpPolitical Wire5hNew Inflation Warning SignRaw Story2h'No end in sight': Analysis warns Trump's 'final indignity' could be here to stayAl Jazeera7hUS inflation rises before midterm elections, fuelling rate hike fearsAlterNet8hTrump gets an ugly October surprise at the worst possible timeCNN10hInflation was hotter than expected in September, rising to 3.7%Common Dreams8hPrices Surge as Trump Fails to Deliver Relief for Working FamiliesLos Angeles Times8hInflation worsened last month to 3.7% in sign that prices remain elevated as midterm elections nearMSNBC10hConsumer prices climb once again, undermining Trump’s midterms message on inflationNBC News10hInflation jumped in September as gas and diesel prices squeezed consumers ahead of the midtermsPennsylvania Capital-Star6hPowered by spikes in energy prices, inflation surges to 3.7%Rolling Stone3hNew Numbers Show Just How Badly Trump Wrecked the EconomyThe Boston Globe10hInflation worsened last month to 3.7%The Guardian10hUS inflation rose to 3.7% in September, figures showThe Washington Post10hPrices increased sharply in September in last inflation report ahead of electionsTruthout3hAs Inflation Goes Up, New Poll Shows 4 in 10 Struggle to Pay Basic Necessities
Right coverage, 18 sources: The right frames the report as a political threat to President Donald Trump and Republicans before the midterms.
Washington Examiner2hIt's nothing like it was under Biden, but inflation still vexes TrumpJust the News23hConsumer prices increased 0.6% from August to September, Labor DepartmentNewsmax3hFed Survey Shows Price Pressures Intensifying as Fuel Costs RiseThe Epoch Times10hConsumer Prices Rise 0.6 Percent, Lifting Annual Inflation Above ExpectationsBizPac Review8hInflation jumps higher in final report before midterm electionsBreitbart News10hConsumer Prices Rise SharplyCitizen Free Press12hCPI Inflation is 3.6 percent.Daily Mail10hTrump's midterm nightmare deepens as inflation surges and gas prices skyrocket across AmericaHot Air10hAffordability: Inflation Keeps on Ticking Up As Election NearsNew York Post10hInflation heats up to 3.7% in September – more than expected amid soaring energy costsNewsBusters5hCore Inflation Holds Steady in September, Energy Costs Push CPI HigherNTD9hUS Consumer Prices Accelerate in September as Midterm Elections NearRedState10hInflation Roars Back With a Vengeance As Gas Prices Hammer Americans Ahead of MidtermsThe American Conservative10hIran War Day 229: U.S. Inflation Spiked in September Due to ConflictThe Center Square10hU.S. inflation rises to 3.7% in September reportThe Daily Caller8hInflation Jumps Higher In Final Report Before Midterm ElectionsThe Daily Wire23hAmericans Get Final Inflation Report Before Midterms. Here’s What It Shows.The Washington Times10hInflation accelerates in final government consumer price report before the election
What’s next: The Fed meets Oct. 28 after raising rates a quarter point last month, its first hike since 2023.
- Markets put the chance of another increase at nearly 25%.
- Will the Fed raise rates again days before the midterm elections?
- Will gas prices ease if Gulf oil exports keep improving?
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