- US inflation rose to a 3.7% annual pace in September, higher than expected.
- Rising diesel prices contributed to the September inflation increase.
- The Washington Post describes the reading as extending a relentless climb in inflation this year, pushed by surging energy prices.
- The report lands three weeks before the US elections, with Americans souring on the economy.
Quotes
“Inflation rose to a 3.7 percent annual pace in September, extending a relentless climb this year pushed by surging energy prices and souring Americans on the economy as they head to the polls in three weeks.”