US inflation rises to 3.7% in September on higher fuel prices

US consumer inflation rose to 3.7% in September from 3.4% in August, driven by a surge in gasoline prices. The Consumer Price Index (CPI) increased 0.6% month-on-month, compared with 0.4% in August. Rising prices add pressure on President Donald Trump ahead of the November 3 midterm elections, while putting an interest rate hike later this month back in consideration.