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Inflation heats up as gas prices surge

Axios·October 14, 2026·1 min read
Inflation heats up as gas prices surge

U.S. inflation accelerated in September as energy prices surged, with CPI rising 0.6% monthly and 3.7% annually, up from 3.4% in August. Core CPI rose 2.6% year-over-year. Gasoline prices spiked 9.1%, driven by Middle East war disruptions, making further Federal Reserve rate hikes more likely.

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