Inflation
September Inflation Rose to 3.7% as Fuel Costs Jumped 10%
via Bureau of Labor Statistics
Consumer prices rose 0.6% in September, lifting the annual inflation rate to 3.7% — the steepest monthly gain since April. A 10% spike in fuel costs drove most of the increase, while core prices also came in above forecasts.
Why it matters
Higher fuel bills raise household spending directly, and the hotter-than-expected reading increases the odds the Federal Reserve will hike rates again before year-end.


