September CPI Hits 3.7% as Gasoline Jumps 9.1% in a Month

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U.S. inflation accelerated to 3.7% in September as gasoline prices jumped 9.1% in a single month, but the more important surprise for markets came underneath the headline: core inflation rose 0.3%, above the 0.2% economists had expected. The Consumer Price Index increased 0.6% month over month on a seasonally adjusted basis, matching the broad consensus, and rose 3.7% from a year earlier, up from…