US inflation hits 3.7% in September as energy costs surge

letemps.ch (French) —

US inflation rose to 3.7% year-over-year in September, driven by energy prices linked to the conflict with Iran, according to official data released Wednesday. Monthly consumer prices increased 0.6%, up from 0.4% in August, matching analyst expectations. Energy costs surged over 20% annually, with fuel up nearly 75%, due to the prolonged closure of the Strait of Hormuz. Food prices remained stable and healthcare costs fell 0.7% monthly. Core inflation, excluding food and energy, reached 2.6% annually, slightly above market forecasts.


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