Business · October 14, 2026
Inflation climbs in September as gas prices surge
In September 2026, the U.S. Consumer Price Index (CPI) rose to an annual rate of 3.7%, exceeding economist expectations and marking an increase from 3.4% in August. The surge was primarily driven by a 9.1% monthly jump in gasoline prices linked to ongoing conflict in the Middle East involving Iran. Core inflation, which excludes volatile food and energy costs, also rose to 2.6%. The data comes just weeks before the U.S. midterm elections and has led to market speculation regarding a potential interest rate hike by the Federal Reserve during its October meeting.
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- CBS NewsCenter-left
Inflation surged in September as U.S. energy costs jumped
Read at CBS News ↗ - ABC NewsCenter-left
Inflation climbs in September as gas prices surge
Read at ABC News ↗ - New York PostRight
Inflation heats up to 3.7% in September — more than expected amid soaring energy costs
Read at New York Post ↗ - NBC NewsCenter-left
Inflation jumps to 3.7% as gas and diesel prices squeeze consumers ahead of the midterms
Read at NBC News ↗ Prices increased sharply in September in last inflation report ahead of elections
Read at Washington Post ↗
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Neutral Summary
In September 2026, the U.S. Consumer Price Index (CPI) rose to an annual rate of 3.7%, exceeding economist expectations and marking an increase from 3.4% in August. The surge was primarily driven by a 9.1% monthly jump in gasoline prices linked to ongoing conflict in the Middle East involving Iran. Core inflation, which excludes volatile food and energy costs, also rose to 2.6%. The data comes just weeks before the U.S. midterm elections and has led to market speculation regarding a potential interest rate hike by the Federal Reserve during its October meeting.
In September 2026, the U.S. Consumer Price Index (CPI) rose to an annual rate of 3.7%, exceeding economist expectations and marking an increase from 3.4% in August. The surge was primarily driven by a 9.1% monthly jump in gasoline prices linked to ongoing conflict in the Middle East involving Iran. Core inflation, which excludes volatile food and energy costs, also rose to 2.6%. The data comes just weeks before the U.S. midterm elections and has led to market speculation regarding a potential interest rate hike by the Federal Reserve during its October meeting.