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October 15, 2026

Inflation worsened last month to 3.7%

  • The report increases pressure on the Federal Reserve to raise its key interest rate.
    • By CHRISTOPHER RUGABER
    AP Economics Writer

    WASHINGTON — U.S. inflation accelerated last month as gasoline and many other goods and services became more expensive, evidence that rising prices remain an economic challenge just a few weeks before midterm elections that have focused heavily on affordability.

    The consumer price index rose 3.7% in September compared with a year ago, the Labor Department said Wednesday, up from 3.4% in August. On a monthly basis, costs jumped 0.6% from August to September, the biggest gain in five months, up from a 0.4% increase the previous month.


     
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