US inflation hits 3.7% in September, topping forecasts

ilsole24ore.com (Italian) —

US inflation rose to 3.7% annually in September, exceeding analyst expectations of 3.6%, with monthly prices up 0.6% as forecast. Core inflation, excluding energy and food, increased 0.3% monthly and 2.6% annually, both above consensus estimates. Energy prices surged 20.4% year-over-year, while food prices remained stable. Wall Street futures turned negative following the report, with Treasury yields rising. Gasoline averages $4.34 per gallon, up from $3.08 a year ago, amid elevated oil prices.


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