US inflation jumps to 3.7% in September, worst pre-midterm reading since 1990
BLS data show prices accelerating on surging gas and energy costs tied to the Iran war, complicating Republicans' closing midterm message.
Part of a larger narrative
El-Sayed Michigan Gubernatorial Campaign
- US inflation jumps to 3.7% in final CPI report before midterms
- Federal Reserve study: Trump tariffs raised U.S.-made goods prices by 2.9%
- US inflation jumps to 3.7% in September, worst pre-midterm reading since 1990you are here
- Fed minutes signal another rate hike likely before year-end despite Trump pressure
- Trump's "greatest economy" claim collides with rising gas and inflation data
What to know
- September CPI rose 3.7% year-over-year (up from 3.4% in August), with core inflation at 2.6% and a 0.6% monthly jump, the largest in five months.
- Gasoline, fuel oil and energy costs linked to the Iran war drove most of the acceleration, while real earnings fell 0.5%.
- This is the last major inflation report before the midterm elections and the highest pre-midterm reading since 1990 (excluding the pandemic).
- Markets sharply raised bets on an October Federal Reserve rate hike, with odds jumping to 43% after the data.
The dispute Whether the official 3.7% figure reflects the true scale of price increases, with many commenters insisting real-world costs (rice, groceries, fuel) are rising far faster than the reported numbers. · positions read across 244 posts and comments
Trump, Republicans, tariffs and the Iran war are directly responsible for the inflation surge and broader economic pain.
-
“This unbearable inflation that the majority of Americans are suffering through is b/c of Trump's tariffs & his war, & him putting pressure on the Fed & its members to lower interest rates when they should've been raising them.”
proudlyblue.bsky.social · Bluesky ↗
The real inflation rate is almost certainly higher than reported because the administration's data or BLS staffing cannot be trusted.
-
“And if these are the numbers from the regime, I expect the reality is far worse.”
sinofempathy.bsky.social · Bluesky ↗
Democrats should aggressively use these inflation numbers as a central midterm campaign message.
-
“It's time to make inflation a central topic in your campaign message for the midterms. The numbers are out and the people are feeling it every day. It's okay to blame Republicans for it.”
normanstrasburg.bsky.social · Bluesky ↗
Personal experience of grocery and business costs is far worse than the official percentages suggest.
-
“I'll give you hot. A 5lb bag of rice went from $6.76 to $11.35 this week. I don't know where these low numbers are coming from.”
katenobriga.bsky.social · Bluesky ↗
Donald Trump President of the United StatesFederal Reserve Central bank policymakerBureau of Labor Statistics Agency that released the CPI reportRepublican Party Governing party facing midterm electionsDemocratic Party Opposition party
How it unfolded 6 developments, newest first · click a bar or a number to jump articlesvideospostscomments
-
6
Report lands as political blow to Republicans before midterms
Coverage framed the data as the highest pre-midterm inflation rate since 1990 (excluding the pandemic), arriving amid polling showing voter anger over the cost of living under Trump.
“Republicans are entering the midterm elections with the highest rate of inflation since the spring at 3.7%... the highest it has been before a midterm election, with the exception of the pandemic, since 1990.”
— us.theguardian.com -
1 outlet first by Guardian Business, 17h ago · read ↗
-
first by Daily Wire, 1d ago
-
🚨🇺🇲 Inflation is climbing yet AGAIN... U.S. consumer prices JUMPED 0.6% in Sept, the biggest increase in 5 months, pushing annual inflation to 3.7%. The price surge puts fresh pressure on Trump as affordability remains a key concern heading into the midterms (just 3 weeks
2 more of the top 3 · 93 posts in this stretch
-
S
Cmon. This regime has been lying and covering up real data since the inauguration.
-
It’s not that the means of gathering data is worse now than it was then, I have been saying that the 1970s methodology (which measured inflation in a cost of goods index) is better for understanding actual consumer inflation than the modern, which tracks a cost of living index. The three original examples as follows: OER accurately measures what…
-
-
5
Traders sharply raise bets on an October Fed rate hike
Market-implied odds of an October rate hike jumped to 43%, up 25 percentage points in a single day, after the hotter-than-expected CPI print.
“BREAKING: Market expectations for an October rate hike surge to 43% after US CPI inflation hits its third highest level since September 2023.”
— @KobeissiLetter -
first by Mastodon, 18h ago · also KSTP-TV, Star Tribune, Philadelphia Inquirer, Boston Globe, Chicago Tribune, PBS NewsHour
1 more headline
-
BREAKING: Market expectations for an October rate hike surge to 43% after US CPI inflation hits its third highest level since September 2023. October rate hike expectations are up +25 percentage points today. Another highly uncertain Fed decision is ahead.
2 more of the top 3 · 48 posts in this stretch
-
R
They thought Covid was the reason for the massive failures in the first trump administration so they voted for the " businessman " again. It's him. It's always him. He was $13 billion in debt in 2016. Not anymore.
-
G
🟠 UPDATE US Inflation Rises in September Ahead of Midterms The US CPI rose 3.7% in September, exceeding market expectations. The increase was driven by soaring gasoline prices resulting from rising international oil costs. 📰 https://www. msn.com/en-xl/money/economy/us -cpi-jumps-3-7-raising-federal-reserve-rate-hike-chances/ar-AA2eedAo # USA #…
-
-
4
Energy and fuel prices drive the increase, real wages fall
Gasoline and fuel oil prices surged (fuel oil +74% y/y, gasoline +34.2% y/y) while real earnings fell 0.5% in September, even as grocery prices rose more modestly.
“Fuel oil: +74% year over year Gasoline: +34.2% year over year Electricity: +4.4% year over year Groceries: +1.8% year over year…”
— meidastouch.com -
first by Mercury News, 19h ago · also Washington Times, Washington Examiner, Denver Post, Baltimore Sun, Orlando Sentinel
2 more headlines
- Inflation accelerates to 3.7% in final consumer price report before midterm elections Washington Times · 19h ago
- Inflation increased to 3.7% in last consumer price index report before midterm elections Washington Examiner · 19h ago
-
M
🚨 BREAKING: Inflation comes in HOT. September inflation surged to 3.7% year over year, with core inflation also exceeding forecasts. Prices jumped 0.6% in just ONE MONTH. Meanwhile, real earnings fell 0.5% in September.
2 more of the top 3 · 92 posts in this stretch
-
M
Your earnings are DOWN .5%. Things cost 3.7% more. The average American household pays $1,020 more. TRUMP DID THIS!!! REPUBLICANS DID THIS!!! https://www. theguardian.com/business/2026/ oct/14/inflation-numbers-september
-
You don't think an Index ETF going down .7ish% in less than 5 minutes is significant? I mean I'm sure there have been bigger drops, but that feels pretty significant to me. I don't know. I've only been actively following the markets for a few years so I'm still new
-
-
3
BLS reports September CPI rose to 3.7% year-over-year
Consumer prices rose 3.7% from a year earlier, up from 3.4% in August, with core CPI at 2.6% and a 0.6% month-on-month gain, the largest monthly increase in five months.
“BREAKING: September CPI inflation rises to 3.7%, above expectations of 3.6%. Core CPI inflation rises to 2.6%, also above expectations of 2.5%.”
— @KobeissiLetter -
first by Mastodon, 19h ago · also The Hill, CBS News, Straight Arrow, Guardian
3 more headlines
- Inflation rose to 3.7 percent in September: BLS The Hill · 19h ago
- September CPI report shows inflation accelerated to 3.7% as energy costs soared CBS News · 19h ago
- Inflation rose in September, crucial pre-election report shows Straight Arrow · 19h ago
-
first by CNBC, 18h ago
-
BREAKING: September CPI inflation rises to 3.7%, above expectations of 3.6% Core CPI inflation rises to 2.6%, also above expectations of 2.5%. This officially marks the third highest US inflation reading since September 2023. Rate hike expectations are rising on the news.
2 more of the top 3 · 6 posts in this stretch
-
A
Inflation likely worsened in September in one of the last price reports the government will issue before the midterm elections that have been heavily defined by concerns over affordability.
-
Live Coverage of US CPI Report for September https://www. bloomberg.com/news/live-blog/2 026-10-14/us-cpi-for-september-live-updates?utm_source=flipboard&utm_medium=activitypub Posted into Bloomberg Television @ bloomberg-television-bloomberg
-
-
2
Analysts brace for a hotter-than-expected CPI print
Ahead of the release, outlets previewed that the September CPI report was expected to show inflation accelerating further.
-
first by CNN, 19h ago · also CNBC, WSJ US Business
2 more headlines
- Consumer prices rose 0.6% in September, putting annual inflation rate at 3.7% CNBC · 19h ago
- Inflation Rose to 3.7% in September, Hotter Than Expected WSJ US Business · 19h ago
-
first by Quartz, 1d ago · also The Globe and Mail
1 more headline
- High gas prices expected to boost U.S. consumer inflation in September The Globe and Mail · 1d ago
-
M
Goodnight 🌙 The latest inflation data shows price increases are accelerating
1 more of the top 2 · 2 posts in this stretch
-
https://www. europesays.com/unitedstates/34 556/ Americans’ Inflation Expectations Hit Highest Level Since 2023 as Their Financial Outlook Worsens: New York Fed Survey # 401k # Business # BusinessNews # Economy # FederalReserve # finance # FinancialInformation # Investing # InvestmentTools # Investor # MarketNews # mortgage # MutualFunds #…
-
- 4 days quiet
-
1
Consumer inflation expectations hit highest since 2023
A survey showed US consumers' median 1-year-ahead inflation expectation jumped to 3.9% in September, the highest since May 2023, up 0.9 points since February.
“US consumer median 1-year ahead inflation expectations jumped +0.3 percentage points in September, to 3.9%, their highest level since May 2023.”
— @KobeissiLetter -
first by CBS News, 19h ago
-
first by RTE News, 6d ago
-
Americans are worried about inflation. US consumer median 1-year ahead inflation expectations jumped +0.3 percentage points in September, to 3.9%, their highest level since May 2023. This figure has risen +0.9 percentage points since February. Over the next year, consumers
2 more of the top 3 · 3 posts in this stretch
-
N
“.. Consumers’ estimates for inflation one-year ahead rose to a median 3.9% in September, up from 3.6% the prior month and reaching the highest level since May of 2023.” @bloomberg.com
-
https://www. europesays.com/unitedstates/22 386/ Inflation fears on the rise as one-year outlook in Fed survey hits highest level since May 2023 # BreakingNews # BreakingNews :Economy # BreakingNews :Markets # BusinessNews # Economy # FederalReserve # Inflation # InterestRates # Prices # RogerWilliams
-
Also covered reported alongside — the timeline has no entry for these yet
-
first by Investing.com News, 1d ago · also Bloomberg Economics, Quartz, Seeking Alpha, Reuters
3 more headlines
- US CPI Report September 2026: Live News on Inflation, Consumer Price Index Bloomberg Economics · 20h ago
- U.S. inflation is expected to surge in September as gasoline prices jumped 7% Quartz · 20h ago
- CPI inflation heats up in September, fueled by jump in gasoline prices Seeking Alpha · 19h ago
-
4 outlets Inflation fears on the rise as one-year outlook in Fed survey hits highest level since May 2023
first by CNBC, 7d ago · also Anadolu Agency, Investing.com News, Seeking Alpha
3 more headlines
- US consumer inflation expectations hit highest since May 2023 Anadolu Agency · 7d ago
- US inflation expectations rise to highest since May 2023 Investing.com News · 7d ago
- Year-ahead U.S. inflation expectations hit highest since May 2023 Seeking Alpha · 6d ago
-
first by Bloomberg Economics, 7d ago · also ZeroHedge, Quartz
3 more headlines
- Consumer Inflation Fears Jump to Three-Year High as New York Fed Survey Shows 3.9% One-Year Outlook Political.org · 7d ago
- One-Year Inflation Expectations Jump To 3 Year HIgh: NY Fed Survey ZeroHedge · 7d ago
- Americans' inflation expectations rose to a 3-year high in September, NY Fed says Quartz · 7d ago
-
first by BBC, 18h ago · also BBC Business
-
first by Anadolu Agency, 19h ago · also Quartz
1 more headline
- Gasoline rose 9.1% in September, pushing overall inflation to 3.7% Quartz · 19h ago
-
first by FT, 19h ago · also Financial Times
-
first by FT, 1d ago · also Bloomberg Economics
2 more headlines
- US CPI: Consumer Prices Climb by Most Since April on Fuel Costs Bloomberg.com · 21h ago
- US Consumer Prices Climb by Most Since April on Fuel Costs Bloomberg Economics · 19h ago
-
first by Mastodon, 19h ago · also NBC News
1 more headline
-
first by ABC News, 1d ago · also Philadelphia Inquirer
-
first by Buenos Aires Times, 1d ago · also MarketWatch
1 more headline
and 12 smaller pieces
What people are saying 13 voices from 4 sites · best of 244 · verbatim
- Will the White House press secretary address the inflation numbers directly?
- How much of the increase is attributable to the Iran war versus tariffs versus Fed policy pressure?
- Today
-
Go grocery shopping like the rest of adults do sometime. All I see are bunch of wannabe Wall Street traders on here talking about things they understand nothing about. I doubt anyone here has a degree worth a damn. How many Americans do you know personally who are only spending 3.7% more? Tell me.
- Yesterday
-
Trump is unabashedly corrupt, but that doesn’t necessarily mean that democrats are saints. What if I told you that everyone in Congress abides by the same rules, or lack thereof? They’re above the law, and we all know it by know. The insider trading is rampant and isn’t dominated by any single party. Pelosi’s cumulative return while in office was
-
Ok. Again, housing is a component of a households income. So, comparing the two is meaningless. Since a 60% rise in something that’s 30% of your budget is less than a 36% increase in your budget. AND, since rises in home prices affect a minority of Americans, the real impacts are lower than the back of the envelope math above But again, I actually…
-
The worst part of all this is that they are now going to raise rates when this is not money supply driven inflation. You cannot lower inflation by interest rates when it is caused by rising oil and ferilizer prices.But I am afraid this is what they will do to screw the democrats after they take the house and the senate and then blame the market…
-
Here in Ireland it seems like I'll be spending north of 1k in oil heating thanks to certain armed conflicts... and I still have 200 liters from the previous owner. 840 EUR for 500 liters, who knows if that will be enough for this winter.
-
A good opportunity for everyone to start thinking about improving their (current/future) home insulation - if they can afford it, that is.For example in the EU, while good insulation has always been a given in the Nordics for obvious reasons (although modern buildings are even better!), it's only relatively recently that these topics have started…
-
Heating oil prices increasing 26% in August and September, up 74% YoY... it's going to be a horrible winter for a lot of families, mine included. Heating bills are going to be over $1k / month for a lot of the northeast. You can't budget for a 75% increase in a major expense.
-
A
AP: Inflation worsened last month to 3.7% as midterm elections near Economy Oct 14, 2026 9:37 AM EDT WASHINGTON (AP) — U.S. inflation accelerated last month as gas, clothes, and air fares got more expensive, evidence that rising prices remain an economic challenge just a few weeks before the midterm elections that have focused heavily on issues…
-
>The CPIs are based on prices of food, clothing, shelter, fuels, transportation, doctors' and dentists' services, drugs, and other goods and services that people buy for day-to-day living.Convenient how it doesn't also include housing cost increases, as if that's not part of day-to-day living, like we're all snails carrying our house on our back…
-
Fuel oil: +74% year over year Gasoline: +34.2% year over year Electricity: +4.4% year over year Groceries: +1.8% year over year
-
K
WASHINGTON (AP) — Inflation accelerated last month to 3.7% in a sign that prices remain elevated as midterm elections near.
-
J
NEW: CPI inflation rose to 3.7% year-on-year in data released this morning, hitting the second-highest level since 2023 while increasing 0.6% month-on-month Core CPI inflation rose to 2.6% year-on-year, increasing 0.3% month-on-month
-
W
Inflation heated up last month. Consumer prices rose 3.7%, while a core reading picked up to 2.6%.