October 14, 2026 / 8:34 AM EDT / CBS News Add CBS News on Google Inflation accelerated across the U.S. in September, rising at an annual rate of 3.7% as energy prices soared, according to new government data. By the numbersThe 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.The latest inflation data comes just weeks before the midterm elections, where affordability issues will be top of mind for many voters. Nine in 10 Americans say prices are the most important factor shaping their views of the economy, according to a CBS News poll released earlier this month.—This is breaking news and will be updated. Edited by Aimee Picchi In: Home Prices Mortgage Rates Gas Prices Inflation Diesel Fuel Oil and Gas Will Trump's Russia diesel deal actually bring down prices? 03:51 Will Trump's Russia diesel deal actually bring down prices? (03:51)
Inflation surged in September as U.S. energy costs jumped
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