US Inflation Hits 3.7% as Gasoline Drives September Increase
US annual inflation reached 3.7%, with gasoline responsible for more than half of September’s month-over-month rise, The Defiant reported.
US annual inflation accelerated to 3.7%, according to The Defiant, as higher gasoline prices contributed to rising consumer costs.
Core inflation, which excludes food and energy prices, increased to an annual rate of 2.6%.
Gasoline accounted for over half of the monthly increase in headline inflation during September, making it a major driver of the overall rise.
Source: The Defiant
