Gas Prices Surge 9.1% in September, Driving U.S. Inflation to 3.7%

CPI-U rises 7.2% annualized in September (3.7% YoY)

The Consumer Price Index for All Urban Consumers rose 0.6% in September, with gasoline jumping 9.1% and accounting for more than half of the monthly increase. Over the past year, the all items index climbed 3.7%, up from 3.4% in August. Energy surged 20.4% annually, while core inflation, excluding food and energy, rose 2.6%.