US inflation accelerated in September as energy prices surged

Summary

U.S. inflation accelerated in September, with consumer prices rising 0.6% from August and 3.7% year over year, according to Labor Department figures reported Wednesday. Gasoline prices jumped about 9%, while core CPI rose 0.3% monthly and its annual rate increased to 2.6%. The reports also point to pressure outside energy, including rising shelter costs and airfares, raising concern that inflation may persist and increase the prospect of further Federal Reserve rate hikes.

Timeline

1. Axios

   14 Oct 2026, 13:00 UTCSource ↗

   Axios reports that September inflation rose faster as energy prices surged, with gasoline up 9.1%, and says the figures could make further Federal Reserve rate hikes more likely.

2. Axios

   14 Oct 2026, 16:00 UTCSource ↗

   Axios reports that inflation pressures were spreading beyond energy, noting that core CPI rose at a 3.4% annualized rate over the past three months and that shelter costs and airfares increased.