U.S. Inflation Forecast Rises as Gasoline Costs Jump
Economists polled by Reuters expect September consumer prices to rise 0.6% from August, with gasoline prices up 7.1% last month.
Key takeaways
- Economists polled by Reuters expect September CPI to rise 0.6% month over month.
- AAA's latest national average gasoline price was $4.3413 per gallon.
Economists polled by Reuters expect U.S. consumer prices to have risen 0.6% in September from the previous month. The official inflation report was due later on Oct. 14, according to OilPrice.com.
Gasoline prices rose 7.1% last month, and AAA’s latest national average was $4.3413 per gallon. Diesel remained above $6 per gallon, though below its record high of more than $6.50.
OilPrice.com also reported that inflation over the 12 months through September was 3.6%, above the Federal Reserve’s 2% target. Core inflation, which excludes food and energy, was 2.4% over the same period.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
