Inflation Rose 3.7 Percent in September

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The Consumer Price Index rose 3.7 percent in September from a year earlier, faster than a month earlier, as gas prices surged 34 percent.

Higher energy prices drove up inflation in the United States in September, a warning shot to President Trump ahead of midterm elections that have centered primarily on affordability concerns. The uptick in consumer prices will also keep the Federal Reserve under pressure to raise interest rates again after last month’s move.

The Consumer Price Index Report, released by the Bureau of Labor Statistics on Wednesday, showed overall prices rose 0.6 percent, the largest monthly increase in five months. Compared with the same time last year, prices were 3.7 percent higher.

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