{
  "id": 13924293,
  "title": "US CPI to show overall inflation boosted by higher petrol prices",
  "url": "https://urgent.news/2026/10/12/us-cpi-to-show-overall-inflation-boosted-by-higher-petrol-prices",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-12T09:32:44.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/international/global/us-cpi-show-overall-inflation-boosted-higher-petrol-prices"
  },
  "original_language": "en",
  "account": "The US Consumer Price Index (CPI) is expected to show overall inflation increasing in September, driven by higher petrol prices. This seems to have accelerated inflation even though pressure from other prices has eased, suggesting the Federal Reserve may not raise interest rates this month. Economists anticipate the CPI to increase 0.6% from September, after a 0.4% rise in August, marking the fastest gain in five months. Excluding fuel and food costs, the \"core\" inflation is projected to climb 0.2%, a slight drop from August. The annual core inflation is forecast to rise 2.5%, which is slightly higher than the previous month's increase. With September showing slower job growth and weaker underlying inflation, the urgency for the Federal Reserve to raise interest rates on October 28 has diminished, following three consecutive rate hikes in September. Retail petrol prices reached nearly $4.50 per gallon in late September, the highest in four months. The impact of rising energy costs on other consumer goods and services remains to be seen. On Friday, President Donald Trump signed an agreement to import Russian diesel to help mitigate soaring fuel prices. Despite consumer concerns, spending has been ongoing, but confidence is waning. Government data expected on Thursday may reveal a slowdown in retail sales growth for September. Retail receipts are likely to have increased modestly after a record jump in August. Additional economic data this week includes the September producer price index, the Federal Reserve's industrial production report, and the National Association of Realtors' sales figures for previously owned homes. A report from the Fed is scheduled for release on Tuesday, detailing regional economic conditions across the US.",
  "summary": "Concerns about affordability and high prices have taken a toll on consumer confidence",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}