Gasoline Price Hike Accounted for More Than Half of U.S. Inflation Surge

Gasoline prices rose 9.1% in September, while heating oil, including diesel, jumped 15.3%. Rising energy costs accounted for more than half of the monthly increase in the Consumer Price Index (CPI), pushing annual inflation to 3.7%. Persistently high fuel prices […]

Gasoline prices increased by 9.1% in September; Meanwhile, fuel oil prices, including diesel, jumped as US inflation jumped; The probability of an interest rate hike by the Federal Reserve increased. On the Colchi forecasting platform, the probability of the Federal Reserve raising interest rates in October is now estimated at 33%; Meanwhile, Kuwait's plan to cross the Strait of Hormuz; Construction of the pipeline with Saudi Arabia and the UAE in a view of Kuwait to reduce dependence on the Strait of Hormuz and ensure the security of oil exports, feasibility studies of two alternative projects Monthly changes in the US Consumer Price Index - September Monthly changes in the US Core Consumer Price Index - Core Consumer Price Index (September) Real ………………. 0.3 percent forecast ………….. European Central Bank Member Simcas: Recent Data Suggests Possible Further Tightening of Monetary Policy Simcas, ECB official, said recent data suggests further tightening of monetary policy is possible. Find out about the news on YouTube and the Times.

Gasoline prices increased by 9.1% in September; Meanwhile, the price of fuel oil, including diesel, jumped by 15.3 percent.

Rising energy costs accounted for more than half of the monthly growth in the consumer price index (CPI), bringing the annual inflation rate to 3.7 percent.

The high price of fuel in October also indicates the continuation of inflationary pressures on the eve of the US mid-term elections on November 3rd.