U.S. inflation hits 3.7% in September as diesel and gas prices surge

abc15.com —

U.S. inflation rose to 3.7% in September, driven by surging diesel and gas prices, marking the highest annual rate since May. Prices jumped 0.6% in one month, with diesel up 66% year-over-year. Core inflation, excluding food and fuel, climbed to 2.6%. Overall prices are up 7% since September 2024, with groceries up 4.5% and beef up 19%. Wage growth has slowed to 3% from 4.5%, trailing price increases. Hygiene and cleaning products rose 16%, while furniture and toys stayed flat. Airfares increased due to holiday pricing.


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U.S. inflation hits 3.7% in September as diesel and gas prices surge | News Minimalist