U.S. Inflation worsened last month to 3.7% as midterm elections near
U.S. inflation accelerated last month as gasoline and many other goods and services became more expensive just a few weeks before midterm elections.
Inflation rose to 3.7 percent in September, according to the Labor Department's monthly report. This marked the largest increase in five months and reflected rising costs across various goods and services. Gas prices surged by 9.1 percent, while airfares increased by 1.2 percent and hotel prices grew by 2 percent. Despite some relief in grocery prices, which declined by 0.1 percent, the overall cost of living remained a significant concern.
Core prices, excluding volatile food and energy categories, climbed 2.6 percent, exceeding economists' expectations. The Federal Reserve faces pressure to raise interest rates, aiming to curb inflation and stabilize prices.
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