{
  "id": 14472609,
  "title": "Inflation heats up as gas prices surge",
  "url": "https://urgent.news/2026/10/14/inflation-heats-up-as-gas-prices-surge",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-14T13:00:05.000Z",
  "source": {
    "name": "Axios",
    "slug": "axios",
    "url": "https://www.axios.com/2026/10/14/cpi-september-inflation-trump"
  },
  "original_language": "en",
  "account": "In September, U.S. inflation rose as soaring energy prices, particularly gasoline, added to previously high price pressures, according to the Bureau of Labor Statistics. The latest Consumer Price Index revealed the inflation battle is far from over, increasing the likelihood of further Federal Reserve interest rate hikes. Gasoline prices jumped 9.1% in September, following a 3.9% increase in August, and accounted for over a third of the month's consumer price rise. Shelter costs increased by 0.4%, while food prices remained flat compared to a slight 0.1% rise the previous month. The 12-month core inflation rate, excluding food and energy, grew to 2.6%, up from 2.4% in the previous month. President Trump took extraordinary measures, easing restrictions on tax-exempt diesel and lifting sanctions on Russian fuel to boost global diesel supplies. Airline fares surged 1.2% in September, with the annual increase reaching 22% due to higher jet fuel costs. The Social Security Administration plans to announce the 2027 cost-of-living adjustment for retirees in January, based on these inflation figures. Federal Reserve officials are currently debating the timing of the next interest rate rise, with some suggesting another increase may occur this year. The odds of an October rate hike increased to 44% from 22%, according to CME FedWatch data, as financial markets react to the inflation news.",
  "summary": "Data: Bureau of Labor Statistics ; Chart: Courtenay Brown/Axios U.S. inflation picked up in September as soaring energy prices added to already stubborn price pressures, the Labor Department said on Wednesday. Why it matters: The latest Consumer Price Index shows that the inflation fight is far from over — and makes further Federal Reserve interest rate hikes more likely as Americans struggle…",
  "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."
}