US inflation rises to 3.7% in September
The gist
US annual inflation rose to 3.7% in September, up from 3.4% in August.
It is the last CPI report before the midterms and the Fed's October decision.
How it unfolded
- 2026 -09US consumer prices rose 0.6% in September, lifting annual inflation to 3.7% from 3.4%; gasoline prices jumped 9.1% and core CPI rose 0.3% on the month.
- Oct 9, 2026A market preview noted the September CPI report was due 14 October, with headline inflation forecast between 3.6% and 3.7% and October rate-hike odds near one in four.
- Oct 14, 2026The September CPI report showed annual inflation at 3.7%, above the 3.6% expected, driven by surging gasoline prices; it was the final inflation report before the midterms.