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InflationSeptember Inflation Jumps to 3.7% as Energy Costs Rise and Wholesale Prices Run HotEconomyFed to Pause Rate Hikes This Week, but Markets Are Pricing in a December IncreaseDebtU.S. Credit Card Balances Hit $1.26 Trillion as Interest Rates Near All-Time HighsCreditBanks Push Back Hard on Proposed 10% Credit Card Rate Cap as White House SoftensConsumer NewsAmericans' Total Household Debt Hits $18.8 Trillion, with Auto Loans at a New RecordInflationSeptember Inflation Jumps to 3.7% as Energy Costs Rise and Wholesale Prices Run HotEconomyFed to Pause Rate Hikes This Week, but Markets Are Pricing in a December IncreaseDebtU.S. Credit Card Balances Hit $1.26 Trillion as Interest Rates Near All-Time HighsCreditBanks Push Back Hard on Proposed 10% Credit Card Rate Cap as White House SoftensConsumer NewsAmericans' Total Household Debt Hits $18.8 Trillion, with Auto Loans at a New Record
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Today’s Lead Story
Saturday, October 24

Inflation

September Inflation Jumps to 3.7% as Energy Costs Rise and Wholesale Prices Run Hot

via Bureau of Labor Statistics

Consumer prices rose 3.7% in September compared to a year ago, up from 3.4% in August, with gasoline driving most of the increase. At the wholesale level, producer prices climbed 6.3% over the same period, suggesting more cost pressure may work its way to store shelves soon.

Why it matters

Rising energy costs are already stretching household budgets, and hotter producer prices suggest everyday goods and groceries could become more expensive before the year ends.

See all today’s storiesRead source

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