Wholesale inflation surged in September, keeping affordability in focus ahead of the midterms
U.S. inflation rose to 3.7 percent in September, driven largely by higher energy prices and increased costs for gas, clothes, and airfare. This acceleration came after inflation had held steady the previous month, and wholesale inflation also jumped to its highest level in over four years. The timing is significant because these price increases are affecting consumers' ability to afford goods just weeks before the midterm elections, which have centered heavily on affordability concerns.
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National story. 138 articles from 70 sources. Sources that ran the same article count once, which leaves 51 viewpoints. Updated 2h ago.
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14 viewpointsProducer prices rose 1.3% in September, the largest monthly gain since March 2022
Wholesale inflation jumped last month by most in four years as gas prices soared
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11 viewpointsWholesale inflation jumped last month by most in four years as gas prices soared
Wholesale prices see a 6.3% annual jump in September, much higher than economists expected
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The story so far
7 developments- Oct 13Economists expect September CPI report to show accelerating inflation as energy costs surge
- Oct 14Inflation worsened last month to 3.7% in sign that prices remain elevated as midterm elections near
- Oct 14Inflation rose to 3.7 percent in September: BLS
- Oct 14Inflation got worse in September as consumers struggle with high prices ahead of the midterms
- Oct 15Wholesale inflation jumped in September by most in four years
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