Inflation Worsened Last Month To 3.7%

WASHINGTON (AP) — U.S. inflation accelerated last month as gas, clothes, and air fares got more expensive, evidence that rising prices remain an economic challenge just a few weeks before the midterm elections. The consumer price index rose 3.7% in September compared with a year ago, the Labor Department said Wednesday, up from 3.4% in August. On a monthly basis, costs jumped 0.6% from August to September, up from 0.4% the previous month. The figures underscore the lingering impact of the Iran war on gas prices and the stubborn persistence of inflation, which fell sharply from a 9.1% peak in 2022 but this year has ticked higher since the war began in late February.