Gasoline and energy costs rise, with inflation slightly up

Inflation inched higher in September as energy costs surged, marking a notable uptick in consumer prices. The Federal Reserve’s key inflation gauge, the personal consumption expenditures (PCE) price index, climbed by half a percentage point, reflecting broader economic pressures. Gasoline prices led the rise, contributing to a sharp increase in overall energy expenses. Economists will closely watch whether this trend persists amid ongoing concerns about inflationary pressures.

{beacon} Energy & Environment Energy & Environment   The Big Story Gasoline and energy costs rise, with inflation slightly up Overall inflation increased slightly in September, while energy prices rose dramatically. © George Walker IV, Associated Press The personal consumption expenditures (PCE) price index, the preferred inflation metric for the Federal Reserve, rose by 0.5...