September inflation rises to 3.7% annually as gasoline prices climb, Labor Department reports
Photo: AxiosHow the sides differ Alternative sources stress Federal Reserve rate-hike odds, while right sources focus on the 3.7% figure, midterm politics and gasoline; they differ on whether the rise beat expectations.
The Labor Department and Bureau of Labor Statistics reported Wednesday that consumer prices rose in September, with the annual rate at 3.7%. Breitbart says prices rose 0.6% from August, driven by gasoline, and Axios points to rising energy costs. Semafor says the increase exceeded economists' expectations, while the Daily Wire calls the 0.3-point rise from August's 3.4% mostly in line with forecasts. Semafor and Axios say the data makes Federal Reserve rate hikes more likely. The Daily Wire notes this is the last report before the midterms, and the Washington Examiner calls it politically damaging for Republicans.
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No left-leaning outlet has covered this story yet.
Alternative outlets present the report as a sign inflation is persisting, driven by energy prices, and as raising the likelihood of further Fed rate hikes.
- Washington ExaminerIt’s nothing like it was under Biden, but inflation still vexes Trump
- BreitbartConsumer Prices Rise Sharply
Right-leaning outlets report the 3.7% figure and gasoline's role, and often frame it by midterm politics and its effect on Republicans and Trump.