Business
US inflation accelerates to 3.7% as gasoline prices climb ahead of midterms
October 14, 2026 at 03:04 PM · Updated 2d ago
6 reports · 3 in Arabic, 3 in English · over 6 hours
US consumer prices rose 3.7% in the year to September, up from 3.4%, in the final inflation report before next month's midterm elections.
- Consumer prices rose 0.6% in September, above economists' 3.6% annual forecast, the Bureau of Labor Statistics reported.
- Core inflation, excluding food and energy, rose 0.3% from August and 2.6% from a year earlier.
- The Federal Reserve raised its benchmark rate by 25 basis points in September to 3.75%–4%, its first hike in three years.
- Trump said Houthi attacks on Saudi Arabia were deliberately driving up oil prices before the US elections.
- The dollar hit an 18-month high, gold fell 1.7% to $4,086.06 an ounce, and Wall Street opened lower after the inflation data.
- Market odds of a Federal Reserve rate hike this month climbed to 42% from 22% before the September data was released.







