Consumer prices rose 3.7% year-over-year in September, the last CPI report before the midterms, driven by a 9% monthly jump in gas prices tied to the Iran war and rising semiconductor costs from the AI buildout.
Inflation Accelerates to 3.7% in September as Gas and AI Costs Bite
Consumer prices rose 3.7% year-over-year in September, the last CPI report before the midterms, driven by a 9% monthly jump in gas prices tied to the Iran war and rising semiconductor costs from the AI buildout.
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