Rising Gas Prices Drive Up Inflation

Data: Bureau of Labor Statistics; Chart: Courtney Brown/Axios. U.S. inflation rose in September as higher energy prices added to stubborn price pressures, the Labor Department said Wednesday. Why it matters: The latest consumer price index shows the fight against inflation isn't over, and further Federal Reserve rate hikes are more likely as Americans grapple with higher costs. B

Data: Department of Labor Statistics; Chart: Courtney Brown/Axios U.S. inflation rose in September as rising energy prices added to stubborn price pressures, the Labor Department said on Wednesday. Why it matters: The latest consumer price index shows the fight against inflation is far from over — and makes more interest rate hikes by the Federal Reserve more likely as Americans grapple with higher costs. b