Consumer prices rose 0.6% in September, pushing the 12-month inflation rate to 3.7%, well above the Federal Reserve’s target. Energy costs surged 5.2%, with gasoline prices soaring 9.1% accounting for about half the overall increase. Core inflation, excluding food and energy, came in at 2.6% annually, exceeding expectations. Shelter prices increased 0.4% and used car and truck prices jumped 0.7%, while food prices remained flat month-to-month but rose 2.5% year-over-year.
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