Higher Energy Prices Pushed U.S. Inflation Up to 3.7% Ahead of Midterm Elections
September’s Consumer Price Index report will keep pressure on President Trump and the Federal Reserve to tame intensifying price pressures.
object 3 signals 3 changes
Consumer price index
In the news because
Consumer price index has recent source-backed changes around Average diesel price likely to break all-time record in October, petroleum and Higher Energy Prices Pushed U.S. Inflation Up to 3.7% Ahead of Midterm Elections.
Latest knowledge change
Average diesel price likely to break all-time record in October, petroleum analyst says
Inflation rose in September to 3.7%, according to the latest Consumer Price Index, three weeks before the midterm elections. The increase is largely driven by energy costs. Patrick De Haan, head of petroleum analysis at GasBuddy, joins CBS News to discuss.