US Inflation Rises to 3.7% Driven by Surging Petrol Prices

US inflation reached 3.7% in the year to September, higher than expected, primarily fueled by petrol prices. According to the Bureau of Labor Statistics, vehicle fuel prices jumped 34.2% over 12 months, with a 9.1% increase in September alone accounting for over half of the inflation rise. Overall energy inflation was up 20.4%, while core inflation was 2.6% and food inflation was flat in September at 2.5%.