Gasoline prices rose 9.1% in September, contributing over half of US CPI gain

Gasoline prices rose 9.1% month-over-month in September, contributing more than half of the overall CPI increase for the month, as oil prices continue to climb amid the US-Iran war. Markets lean toward the Fed holding rates in October, but expectations for a December hike are high.

Detected & updated continuously · Source: Nebula