Macro EconomyMedium•14 October 2026•
1 min read
US Annual Inflation Rises to 3.7% in September Driven by Energy Costs
Key Facts
1The annual US Consumer Price Index rose to 3.7% in September, up from 3.4% in August.
2Gasoline prices spiked 9.1% in September, significantly contributing to increased inflationary pressures.
3Core CPI, excluding food and energy, rose to 2.6% on a year-over-year basis.
The annual US Consumer Price Index rose to 3.7% in September, up from 3.4% in August. Axios reported that gasoline prices spiked 9.1% during September, significantly contributing to the overall increase in inflationary pressures. Core CPI, which excludes volatile food and energy components, rose to 2.6% on a year-over-year basis.
The acceleration follows persistent shelter costs and global energy supply disruptions linked to Middle East tensions. Related energy data from October 7, 2026, showed US gasoline stocks (EIA) increased by 0.382 million barrels, while the weekly petroleum report indicated a stock decline of 3.186 million barrels.