September's 3.7% annual inflation raised costs for energy, petrol, and food ahead of the midterm elections, with Democrats focusing on affordability to regain control of Congress.
01Summary
- 01Annual inflation stood at 3.7% in September, according to the consumer price index (CPI).
- 02Energy, petrol, and electricity prices all rose on a monthly basis.
- 03The midterm elections are approaching, with Democrats emphasising affordability issues.
- 04The GOP currently holds control of Congress, which Democrats aim to challenge.
02Why it matters
This matters because higher prices directly affect household budgets, and the election outcome could influence future economic policies on inflation and living costs.
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