Inflation increased to 3.7% in last consumer price index report before midterm elections
Inflation rose three-tenths of a percentage point to 3.7% for the year ending in September, the Bureau of Labor Statistics reported in an update to the consumer price index on Wednesday, a sign that the price pressures that have soured voters on President Donald Trump and the GOP are rising before the midterm elections next month.
TL;DR
- Inflation rose to 3.7% for the year ending in September.
- September saw a 0.6% increase in prices.
- A significant rise in gasoline prices was the primary driver.
- The data was released by the Bureau of Labor Statistics.
- Rising inflation could affect voters before the midterm elections.