Heather Long(@byHeatherLong):JUST IN: A hot inflation report. Inflation jumped back up to 3.7% (y/y) in September, the highest rate since May. The spike was largely driven by rising gas and diesel prices. Higher airfares and used car prices also triggered the 0.6% monthly gain (biggest since May). Core CPI, which excludes food and energy, climbed to 2.6% -->This was worse than expected and up from 2.4% in August. The big problem = Inflation rose 3.7% in the past year, wiping out 3% average wage gains.

Heather Long

@byHeatherLong

Chief economist @NavyFederal | Marketplace contributor | Data aficionado | Views my own | Email: heather_long@navyfederal.org

Joined February 2011

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Heather Long@byHeatherLong

2026.10.14 12:38

JUST IN: A hot inflation report. Inflation jumped back up to 3.7% (y/y) in September, the highest rate since May. The spike was largely driven by rising gas and diesel prices. Higher airfares and used car prices also triggered the 0.6% monthly gain (biggest since May). Core CPI, which excludes food and energy, climbed to 2.6% -->This was worse than expected and up from 2.4% in August. The big problem = Inflation rose 3.7% in the past year, wiping out 3% average wage gains.