September inflation rises to 3.7% as higher energy prices push consumer costs up

By Crosswire News · AI-assisted summary of reporting by the outlets linked below

MarketsCBS News · The New York Times

Photo: The New York Times

How coverage differs CBS News centers on President Trump's downplaying of the figures; The New York Times stresses political and Federal Reserve pressure ahead of the midterm elections.

September's Consumer Price Index report showed inflation at 3.7%, higher than expected. The increase was driven largely by energy costs, with gas prices jumping 9% from the previous month. President Trump looked for positives and insisted inflation is low, while the report is expected to increase pressure on him and the Federal Reserve to rein in rising prices before the midterm elections.

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