Business2 sources
US Inflation Rises to 3.7% in September, Driven by Gas Prices
- The consumer price index increased by 0.6% in September, according to the Bureau of Labor Statistics.
- Gas prices drove consumer prices up an annual 3.7% in September.
- The final inflation report before the midterm elections shows the highest rate of inflation since the spring.
- Republicans are entering the midterm elections with this inflation rate, amid widespread anger over the cost of living.
- The increase in gas prices was the primary driver of the overall inflation rise.