September Inflation Rises to 3.7% Driven by Soaring Energy Prices
WHO:
ABC News - Federal government
ABC News - U.S. Bureau of Labor Statistics
ABC News - Fed Chair Kevin Warsh
ABC News - Trump
CBS News US - Economists
NBC News - Consumers
ABC News - PepsiCo
WHAT:
ABC News - Inflation climbed to a 4-month high in September, with prices rising 3.7% compared to a year earlier, up from 3.4% in the prior month.
ABC News - Gas prices jumped more than 9% in September from August, accounting for more than half of the overall price increase last month.
ABC News - Diesel prices stood at $6.29 a gallon, a 66% increase since the outbreak of the Iran War.
ABC News - Employers added 29,000 jobs in September, down from 162,000 jobs added in August, which was well below economists' expectations.
ABC News - Consumer spending rose 0.6% in August from July, the largest monthly increase since March 2025.
ABC News - The next meeting of Fed policymakers is scheduled for Oct. 28, with investors pegging the chance of another quarter-point rate increase at about 45%.
CNN - Core CPI, which excludes volatile food and energy prices, rose 0.3% from August and 2.6% from a year earlier.
CNN - Housing-related inflation rose 0.4% from August, the fastest monthly rate in five months.
CNN - Odds for a Fed rate hike in October rose to 49% Wednesday morning, up from 22% one day ago.
NBC News - Inflation in September picked back up again after three months of largely stagnating.
CBS News - A poll by The Associated Press-NORC Center for Public Affairs Research found that only 26% of U.S. adults approve of Trump's handling of the economy overall, a new low.
ABC News - The Fed has a policy meeting scheduled for Oct. 27-28, with most Wall Street investors expecting it to hold rates then and potentially implement another hike in December.
ABC News - Rising gas costs have pushed up the price of air fares about 23% from a year ago.
ABC News - The price of semiconductors and computer equipment has sharply increased due to the artificial intelligence buildout, affecting consumer electronics prices.
ABC News - Gas prices averaged $4.34 a gallon nationwide, up a few cents from a month earlier.
ABC News - The price of food stayed flat in September from August, putting annual inflation for food at 2.5%.
ABC News - Core CPI, which excludes volatile food and energy prices, rose 0.3% from August and 2.6% from a year earlier.
CNN - The Consumer Price Index rose 0.6% from August, bringing the annual rate of inflation to 3.7%, up from 3.4%.
CNN - Shelter prices rose 0.4% from August, the fastest monthly rate in five months.
CNN - Odds for a Fed rate hike in October rose to 49% Wednesday morning, up from 22% one day ago.
ABC News - The Fed raised interest rates for the first time in three years to about 3.9%.
ABC News - Inflation rose to 3.7% in September, marking an uptick from an annual inflation rate of 2.4% recorded in February prior to the outbreak of the Iran war.
ABC News - Gas prices averaged $4.34 a gallon nationwide, up a few cents from a month earlier.
ABC News - Diesel prices stood at $6.29 a gallon, a 66% increase since the outbreak of the Iran War.
ABC News - Employers added 29,000 jobs in September, down from 162,000 jobs added in August.
ABC News - Consumer sentiment dropped close to the lowest level ever recorded in the 74-year history of the University of Michigan's monthly survey.
ABC News - The next meeting of Fed policymakers is scheduled for Oct. 28, with investors pegging the chance of another quarter-point rate increase at about 45%.
ABC News - The inflation report came days after monthly jobs data showed sluggish hiring in September.
ABC News - The Fed raised interest rates by a quarter of a percentage point last month, marking the central bank's first rate increase since 2023.
ABC News - The energy shock from the Iran war is keeping inflation uncomfortably high, eroding Americans’ pay gains and further compounding affordability concerns.
ABC News - Rising gas costs have pushed up the price of air fares about 23% from a year ago.
ABC News - The expiration of a tentative accord between the U.S. and Iran led to continued attacks on oil infrastructure and ships in the region, driving up fuel prices.
ABC News - Oil exports from the Gulf have improved in recent weeks but heightened shipping costs and persistent risks have kept the national average gas price above $4.30 a gallon, AAA data shows.
ABC News - The inflation report is one of the last price reports the government will issue before the midterm elections, which have been heavily defined by concerns over affordability.
ABC News - Inflation climbed to a 4-month high in September, with prices rising 3.7% compared to a year earlier, up from 3.4% in the prior month.
ABC News - Gas prices jumped more than 9% in September from August, accounting for more than half of the overall price increase last month.
ABC News - Diesel prices stood at $6.29 a gallon, a 66% increase since the outbreak of the Iran War.
ABC News - Employers added 29,000 jobs in September, down from 162,000 jobs added in August, which was well below economists' expectations.
ABC News - Consumer sentiment dropped close to the lowest level ever recorded in the 74-year history of the University of Michigan's monthly survey.
ABC News - The next meeting of Fed policymakers is scheduled for Oct. 28, with investors pegging the chance of another quarter-point rate increase at about 45%.
ABC News - Gas prices jumped 9.1% in September from August, accounting for more than half of the monthly rise in inflation.
Bloomberg Markets - The US consumer price index rose 0.6% in September from a month earlier.
CNN - Core CPI, which excludes volatile food and energy prices, rose 0.3% from August and 2.6% from a year earlier.
CNN - Housing-related inflation rose 0.4% from August, the fastest monthly rate in five months.
CNN - Odds for a Fed rate hike in October rose to 49% Wednesday morning, up from 22% one day ago.
ABC News - Inflation climbed to a 4-month high in September, marking an uptick from an annual inflation rate of 2.4% recorded in February prior to the outbreak of the Iran war.
ABC News - The price of food stayed flat in September from August, putting annual inflation for food at 2.5%.
ABC News - Consumer spending rose 0.6% in August from July, the largest monthly increase since March 2025.
ABC News - The Fed raised interest rates for the first time in three years to about 3.9%.
ABC News - Gas prices averaged $4.34 a gallon nationwide, up a few cents from a month earlier.
ABC News - Rising gas costs have pushed up the price of air fares about 23% from a year ago.
ABC News - On September 1, Nintendo increased the price for its Switch 2 gaming system by 11% to $499.99.
ABC News - Apple's newest iPhone, the iPhone 17, cost about 10% more than its previous upgrade.
ABC News - Inflation rose to 3.7% in September compared to a year earlier.
ABC News - Inflation increased from an annual rate of 3.4% in the prior month.
ABC News - Gas prices jumped more than 9% in September from August.
ABC News - Diesel prices stood at $6.29 a gallon, a 66% increase since the outbreak of the Iran War.
ABC News - Employers added 29,000 jobs in September, down from 162,000 jobs added in August.
ABC News - The Fed raised interest rates by a quarter of a percentage point last month.
ABC News - Core prices likely rose 2.5% in September from a year ago.
ABC News - Gas prices averaged $4.34 a gallon nationwide.
WHERE:
ABC News - United States
ABC News - Washington, D.C.
WHEN:
ABC News - The next meeting of Fed policymakers is scheduled for Oct. 28.
ABC News - The Fed's last rate increase occurred last month.
WHY:
ABC News - The expiration of a tentative accord between the U.S. and Iran led to continued attacks on oil infrastructure and ships in the region, driving up fuel prices.
CNN - The energy shock from the Iran war is keeping inflation uncomfortably high, eroding Americans’ pay gains and further compounding affordability concerns.
ABC News - Ongoing inflation has taken a toll on Trump's standing with U.S. voters, with only 17% of U.S. adults approving of his handling of the cost of living issue.
ABC News - Rising energy costs amid the Iran war drove the inflation reading.
ABC News - The expiration of a tentative accord between the U.S. and Iran led to continued attacks on oil infrastructure.
HOW:
ABC News - Fed officials have suggested the central bank can wait before increasing rates again, with just one more rate hike penciled in for this year.
ABC News - The Fed raised interest rates by a quarter of a percentage point last month, marking the central bank's first rate increase since 2023.
ABC News - The Fed aims to slow inflation by raising interest rates to reduce demand.
(UPDATED October 15, 2026 13:06 UTC)
Inflation has climbed to a four-month high in September, with prices rising 3.7% compared to a year earlier, largely driven by a more than 9% jump in gas prices from August. Employers added 29,000 jobs in September, a significant drop from the 162,000 jobs added in August, while consumer spending saw its largest monthly increase since March 2025, rising 0.6% in August. Looking ahead, the next meeting of Fed policymakers is scheduled for October 28, with the chances of another quarter-point rate increase now sitting at about 45%.
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(UPDATED October 15, 2026 01:17 UTC)
A recent poll by The Associated Press-NORC Center for Public Affairs Research reveals that only 26% of U.S. adults approve of Trump's handling of the economy, marking a new low for the former president. Meanwhile, the Federal Reserve is set to hold a policy meeting on October 27-28, with expectations that it will maintain current interest rates but may consider a hike in December. Additionally, rising gas prices have driven airfares up by about 23% compared to last year, while the costs of semiconductors and computer equipment have surged due to the demand from the artificial intelligence sector, impacting consumer electronics prices.
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(UPDATED October 14, 2026 20:58 UTC)
Gas prices have climbed to an average of $4.34 a gallon nationwide, showing a slight increase from the previous month. Meanwhile, the Consumer Price Index has risen by 0.6% since August, pushing the annual inflation rate to 3.7%, with shelter prices experiencing their fastest monthly increase in five months at 0.4%. In light of these developments, the odds for a Federal Reserve rate hike in October have surged to 49%, following the Fed's recent decision to raise interest rates for the first time in three years to approximately 3.9%.
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(UPDATED October 14, 2026 19:57 UTC)
Inflation has risen to 3.7% in September, a notable increase from the 2.4% rate recorded in February, just before the outbreak of the Iran war, which has also led to gas prices averaging $4.34 a gallon nationwide and diesel prices soaring to $6.29 a gallon, a staggering 66% increase since the conflict began. Employers added only 29,000 jobs in September, a significant drop from the 162,000 jobs added in August, while consumer sentiment has plummeted close to the lowest levels ever recorded in the University of Michigan's 74-year history. Looking ahead, the next meeting of Fed policymakers is set for October 28, with investors estimating a 45% chance of another quarter-point rate increase as the energy shock from the Iran war continues to impact affordability across the nation.
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(UPDATED October 14, 2026 17:03 UTC)
Inflation has climbed to a four-month high in September, with prices rising 3.7% compared to a year earlier, largely driven by a more than 9% jump in gas prices. Employers added 29,000 jobs last month, a significant drop from the 162,000 jobs added in August, while consumer sentiment has fallen close to the lowest level ever recorded in the University of Michigan's survey. The next meeting of Fed policymakers is set for October 28, where investors see a 45% chance of another quarter-point rate increase following last month's hike.
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(UPDATED October 14, 2026 16:02 UTC)
Gas prices surged by 9.1% in September compared to August, contributing to more than half of the monthly inflation increase, while the US consumer price index rose by 0.6% during the same period. Core CPI, which excludes food and energy prices, increased by 0.3% from August and 2.6% from the previous year, with housing-related inflation hitting its fastest monthly rate in five months at 0.4%. As a result of these trends, the odds for a Federal Reserve rate hike in October have jumped to 49%, up from just 22% the day before, largely driven by the ongoing energy shock from the Iran war that continues to keep inflation high and affects Americans' purchasing power.
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(UPDATED October 14, 2026 14:59 UTC)
Inflation has climbed to a four-month high in September, rising from an annual rate of 2.4% recorded in February before the outbreak of the Iran war. Meanwhile, consumer spending saw its largest monthly increase since March 2025, rising by 0.6% in August, although rising gas prices have pushed air fares up by about 23% from a year ago. Ongoing inflation has significantly impacted Trump's approval ratings, with only 17% of U.S. adults expressing confidence in his handling of the cost of living issue.
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(UPDATED October 14, 2026 14:00 UTC)
Inflation in the United States rose to 3.7% in September, up from 3.4% the previous month, driven largely by rising energy costs amid the ongoing Iran war. Gas prices surged more than 9% from August, averaging $4.34 a gallon nationwide, while diesel prices reached $6.29 a gallon, marking a 66% increase since the conflict began. Employers added 29,000 jobs in September, a significant drop from the 162,000 jobs added in August, and the Federal Reserve raised interest rates by a quarter of a percentage point last month, with their next meeting scheduled for October 28.