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US September CPI Expected to Rise 0.6% on Gasoline Surge
OilPrice.com·US·1 day ago
US CPI rose 0.6% m/m in September, the largest monthly gain in five months, pushing the annual rate to 3.7%. Fuel prices, driven by the Middle East conflict, are the main pressure point, with gasoline up 34% year-over-year. The print strengthens market bets on a Fed rate hike and complicates the Republican campaign ahead of November midterms.