September CPI Report Shows Inflation Accelerated To 3.7% As Energy Costs Soared – Patch

September CPI Report Shows Inflation Accelerated To 3.7% As Energy Costs Soared  Patch

The CPI tracks changes in prices over time for a basket of commonly purchased goods and services. Inflation accelerated across the U.S. in September, rising at an annual rate of 3.7% as energy costs jumped, according to new government data. The latest Consumer Price Index shows that stubborn price pressures persist just weeks before Americans vote in the midterm elections. The CPI tracks changes in prices over time for a basket of commonly purchased goods and services.

Economists expected the index to rise at an annual rate of 3.6% in September, according to FactSet. Click here for the full story via CBS San Francisco Bay Area CBS Local Digital Media personalizes the global reach of CBS-owned and operated television and radio stations with a local perspective.