September consumer prices rise, with annual inflation at 3.7% as gasoline costs climb
Photo: AxiosHow the sides differ Alternative sources stress the Fed rate-hike implications; right sources focus on the numbers, midterm timing and gasoline, and differ on whether the rise beat expectations.
The Labor Department reported Wednesday that consumer prices rose in September. Right-leaning outlets give an annual rate of 3.7% and a monthly rise of 0.6%, driven by gasoline. Axios also cites rising energy costs. Semafor and Fox Business say the increase exceeded expectations, while the Daily Wire calls it mostly in line with analyst forecasts of a smaller rise from August's 3.4%. Semafor and Axios say further Federal Reserve rate hikes look more likely; the Daily Wire notes this is the last report before the midterms.
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No left-leaning outlet has covered this story yet.
Alternative outlets present the report as a hotter-than-expected reading that makes further Federal Reserve rate increases more likely, citing energy prices.
- BreitbartConsumer Prices Rise Sharply
- Fox BusinessConsumer inflation rose faster than expected in September, CPI report shows
Right-leaning outlets report the figures, highlighting gasoline, distance from the Fed's target and midterm timing; the Daily Wire calls the rise largely expected.