Inflation picked up last month as gas prices jumped in wake of Iran war
Gas prices jumped 7% in a month to $4.28 a gallon, and the Labor Department said monthly inflation rose 0.4% as energy costs climbed.
- Inflation accelerated last month as gas prices spiked following renewed fighting in the Middle East, intensifying affordability challenges for voters with midterm elections now just seven weeks away.
- Renewed fighting in the Middle East pushed the nationwide average cost of a gallon of gas up 7% from a month ago to $4.28 on Thursday, threatening to spread costs through the broader economy.
- The Labor Department reported Friday that inflation rose 3.4% last month compared with a year ago, while core prices excluding food and energy were 2.4% higher than a year earlier.
- Federal Reserve officials remain split on a potential rate hike at next week's meeting, with Wall Street investors now seeing about 70% likelihood the Fed will increase borrowing costs Sept. 16.
- Amid elevated inflation, President Donald Trump promised $5,000 payments to every American adult if the GOP maintains a majority in Congress, a proposal that could stoke inflation further.
63 Articles
63 Articles
No relief from inflation as Middle East clashes lift fuel prices to painful levels
U.S. inflation accelerated last month as gas prices spiked in the wake of renewed fighting in the Middle East, underscoring the affordability challenges that are top of mind for many voters with midterm elections now just seven weeks away.
The Daily Advance
No relief from inflation as Middle East clashes lifts fuel prices to painful levels
U.S. inflation accelerated last month as gas prices spiked in the wake of renewed fighting in the Middle East, underscoring the affordability challenges that are top of mind for many voters as midterm elections near. The Labor Department said Friday…
U.S. inflation accelerated last month as gas prices spiked, squeezing Americans' finances
U.S. inflation accelerated last month as gas prices spiked in the wake of renewed fighting in the Middle East, underscoring the affordability challenges that are top of mind for many voters with midterm elections now just seven weeks away.
MyCentralOregon.com
Inflation holds steady at elevated level as Iran war pushes up gas prices
Customers shop at a grocery store on Sept. 10, 2026, in Chicago, Illinois. (Scott Olson/Getty Images) (WASHINGTON) — Inflation held steady in August but price increases remained elevated as the Iran war continued to push up fuel prices months
Coverage Details
Bias Distribution
- 61% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
