US inflation rose to 3.7 per cent in September, up from 3.4 per cent in August, according to the Bureau of Labour Statistics. The consumer price index increased 0.6 per cent over the month.
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01Summary
- 01The Bureau of Labour Statistics said the consumer price index rose 0.6 per cent in September.
- 02Annual inflation increased to 3.7 per cent in September from 3.4 per cent in August.
- 03The data showed inflation had held steady the month before, then moved higher in September.
- 04The story does not provide further detail on which prices drove the increase.
02Why it matters
Inflation affects the cost of everyday goods and services, so a higher reading can influence household budgets. It also matters for debate over the outlook for US interest rates and the wider economy.
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