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US inflation rises more than expected ahead of midterm elections

The pace of price rises increased to 3.7% in the year to September, driving by higher motor fuel costs.

Tarun Mottlia

Via BBC News

·Excerpt
US inflation rises more than expected ahead of midterm elections
Image: Image caption, Supply and demand: Labubu dolls illustrate how inflation can rise

Image source, Getty Images

ByRachel Clun

Business reporter

Updated 2 minutes ago

US inflation rose by more than expected in the year to September, according to official figures, in the final data release before the midterm elections next month.

The pace of price rises increased to 3.7%, up from 3.4% in the 12 months to August.

Inflation was above forecasts, driven by higher gasoline prices which have spiked following disruption to Middle East energy supplies due to the US-Israel conflict…

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